Gabelli Funds LLC held its position in GP Strategies Corporation (NYSE:GPX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,000 shares of the company’s stock at the end of the first quarter. Gabelli Funds LLC owned 0.57% of GP Strategies Corporation worth $2,404,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in GPX. Sagard Capital Partners Management Corp raised its position in GP Strategies Corporation by 1.6% in the fourth quarter. Sagard Capital Partners Management Corp now owns 3,639,367 shares of the company’s stock worth $104,086,000 after buying an additional 58,721 shares during the period. NWQ Investment Management Company LLC raised its position in GP Strategies Corporation by 20.3% in the fourth quarter. NWQ Investment Management Company LLC now owns 747,311 shares of the company’s stock worth $21,373,000 after buying an additional 126,009 shares during the period. Cadence Capital Management LLC raised its position in GP Strategies Corporation by 13.3% in the fourth quarter. Cadence Capital Management LLC now owns 49,374 shares of the company’s stock worth $1,412,000 after buying an additional 5,798 shares during the period. Penn Capital Management Co. Inc. bought a new position in GP Strategies Corporation during the third quarter worth $2,016,000. Finally, Russell Investments Group Ltd. bought a new position in GP Strategies Corporation during the fourth quarter worth $5,756,000. 87.75% of the stock is currently owned by institutional investors.
Shares of GP Strategies Corporation (NYSE:GPX) opened at 25.70 on Friday. The stock has a market cap of $429.88 million, a P/E ratio of 21.07 and a beta of 1.01. GP Strategies Corporation has a 52-week low of $19.59 and a 52-week high of $30.00. The firm has a 50-day moving average price of $25.24 and a 200-day moving average price of $25.94.
GP Strategies Corporation (NYSE:GPX) last issued its earnings results on Tuesday, May 2nd. The company reported $0.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.24. GP Strategies Corporation had a return on equity of 12.45% and a net margin of 4.13%. The firm had revenue of $122.45 million for the quarter, compared to analysts’ expectations of $121.77 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts anticipate that GP Strategies Corporation will post $1.27 EPS for the current fiscal year.
A number of equities analysts have weighed in on GPX shares. Zacks Investment Research lowered GP Strategies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. TheStreet lowered GP Strategies Corporation from a “b” rating to a “c+” rating in a research note on Thursday, May 25th. Finally, B. Riley restated a “neutral” rating and issued a $27.00 target price on shares of GP Strategies Corporation in a research report on Monday, May 8th.
In related news, CEO Scott N. Greenberg acquired 1,666 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $23.21 per share, with a total value of $38,667.86. Following the completion of the transaction, the chief executive officer now directly owns 149,388 shares of the company’s stock, valued at approximately $3,467,295.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karl Baer sold 1,561 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $25.05, for a total value of $39,103.05. Following the completion of the transaction, the insider now directly owns 14,644 shares in the company, valued at $366,832.20. The disclosure for this sale can be found here. 24.90% of the stock is currently owned by company insiders.
GP Strategies Corporation Company Profile
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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