AlphaOne Investment Services LLC Increases Holdings in GP Strategies Corporation (GPX)

AlphaOne Investment Services LLC raised its stake in GP Strategies Corporation (NYSE:GPX) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 213,216 shares of the company’s stock after buying an additional 27,677 shares during the quarter. GP Strategies Corporation comprises approximately 1.5% of AlphaOne Investment Services LLC’s investment portfolio, making the stock its 12th biggest holding. AlphaOne Investment Services LLC owned 1.27% of GP Strategies Corporation worth $5,630,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPX. Russell Investments Group Ltd. lifted its stake in GP Strategies Corporation by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock valued at $8,870,000 after buying an additional 122,523 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in GP Strategies Corporation by 20.0% in the first quarter. Neuberger Berman Group LLC now owns 504,316 shares of the company’s stock valued at $12,759,000 after buying an additional 83,953 shares in the last quarter. Royce & Associates LP lifted its stake in GP Strategies Corporation by 30.7% in the second quarter. Royce & Associates LP now owns 194,271 shares of the company’s stock valued at $5,129,000 after buying an additional 45,605 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in GP Strategies Corporation in the first quarter valued at approximately $862,000. Finally, Cove Street Capital LLC lifted its stake in GP Strategies Corporation by 2.8% in the first quarter. Cove Street Capital LLC now owns 1,162,841 shares of the company’s stock valued at $29,420,000 after buying an additional 31,191 shares in the last quarter. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GP Strategies Corporation (NYSE:GPX) traded up 0.51% during mid-day trading on Wednesday, hitting $29.30. 2,529 shares of the stock were exchanged. GP Strategies Corporation has a 12-month low of $22.70 and a 12-month high of $30.00. The stock has a market capitalization of $490.04 million, a P/E ratio of 22.89 and a beta of 0.90. The stock’s 50 day moving average price is $28.40 and its 200-day moving average price is $26.24.

GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The business had revenue of $131.16 million during the quarter, compared to the consensus estimate of $131.20 million. During the same quarter last year, the firm posted $0.29 EPS. GP Strategies Corporation’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that GP Strategies Corporation will post $1.31 EPS for the current fiscal year.

GPX has been the topic of a number of research reports. BidaskClub raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. B. Riley reissued a “neutral” rating and issued a $27.00 price objective on shares of GP Strategies Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of GP Strategies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet lowered shares of GP Strategies Corporation from a “b” rating to a “c+” rating in a research report on Thursday, May 25th. Finally, ValuEngine raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.00.

In related news, VP Kenneth L. Crawford sold 3,000 shares of GP Strategies Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.77, for a total value of $86,310.00. Following the completion of the sale, the vice president now owns 28,691 shares of the company’s stock, valued at approximately $825,440.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marshall S. Geller sold 7,691 shares of GP Strategies Corporation stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $28.59, for a total transaction of $219,885.69. Following the completion of the sale, the director now directly owns 141,051 shares of the company’s stock, valued at approximately $4,032,648.09. The disclosure for this sale can be found here. In the last three months, insiders sold 21,317 shares of company stock valued at $608,101. 25.70% of the stock is currently owned by insiders.

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About GP Strategies Corporation

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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Institutional Ownership by Quarter for GP Strategies Corporation (NYSE:GPX)

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