GP Strategies (GPX) Reaches New 1-Year Low at $14.63

GP Strategies Corp (NYSE:GPX)’s share price reached a new 52-week low on Thursday . The company traded as low as $14.63 and last traded at $14.61, with a volume of 1682 shares. The stock had previously closed at $15.57.

A number of equities analysts have weighed in on GPX shares. Zacks Investment Research upgraded GP Strategies from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. B. Riley decreased their price target on GP Strategies from $25.75 to $24.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.00.

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15. The stock has a market cap of $241.58 million, a PE ratio of 11.78, a P/E/G ratio of 0.88 and a beta of 0.78.

GP Strategies (NYSE:GPX) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.13. The business had revenue of $133.69 million for the quarter, compared to analyst estimates of $134.50 million. GP Strategies had a return on equity of 11.06% and a net margin of 1.78%. Research analysts anticipate that GP Strategies Corp will post 1.1 EPS for the current year.

In other news, Director Marshall S. Geller purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average cost of $16.57 per share, with a total value of $33,140.00. Following the transaction, the director now owns 148,254 shares in the company, valued at approximately $2,456,568.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 25.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Cove Street Capital LLC raised its position in shares of GP Strategies by 8.5% during the 2nd quarter. Cove Street Capital LLC now owns 1,613,637 shares of the company’s stock valued at $28,400,000 after acquiring an additional 126,751 shares in the last quarter. Millennium Management LLC increased its position in GP Strategies by 88.6% in the first quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock worth $858,000 after buying an additional 17,809 shares during the period. BlackRock Inc. increased its position in GP Strategies by 0.8% in the first quarter. BlackRock Inc. now owns 695,406 shares of the company’s stock worth $15,751,000 after buying an additional 5,678 shares during the period. Teton Advisors Inc. increased its position in GP Strategies by 19.7% in the second quarter. Teton Advisors Inc. now owns 121,271 shares of the company’s stock worth $2,134,000 after buying an additional 20,000 shares during the period. Finally, First Wilshire Securities Management Inc. increased its position in GP Strategies by 565.7% in the second quarter. First Wilshire Securities Management Inc. now owns 60,710 shares of the company’s stock worth $1,068,000 after buying an additional 51,590 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

GP Strategies Company Profile (NYSE:GPX)

GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.

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