GP Strategies Corporation (GPX) Releases Quarterly Earnings Results

GP Strategies Corporation (NYSE:GPX) posted its quarterly earnings data on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03, Bloomberg Earnings reports. The business had revenue of $131.16 million for the quarter, compared to analysts’ expectations of $131.20 million. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share.

GP Strategies Corporation (NYSE:GPX) opened at 28.45 on Thursday. GP Strategies Corporation has a 52 week low of $22.70 and a 52 week high of $30.00. The firm has a 50-day moving average price of $27.50 and a 200-day moving average price of $25.74. The company has a market capitalization of $475.83 million, a price-to-earnings ratio of 22.23 and a beta of 0.93.

In other news, CEO Scott N. Greenberg bought 1,666 shares of GP Strategies Corporation stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of $23.21 per share, with a total value of $38,667.86. Following the completion of the acquisition, the chief executive officer now owns 149,388 shares of the company’s stock, valued at approximately $3,467,295.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kenneth L. Crawford sold 3,000 shares of GP Strategies Corporation stock in a transaction dated Wednesday, August 2nd. The stock was 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 directly owns 28,691 shares in the company, valued at $825,440.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,996 shares of company stock worth $284,872. Insiders own 25.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in GP Strategies Corporation by 1.9% in the first quarter. Wellington Management Group LLP now owns 1,257,045 shares of the company’s stock valued at $31,803,000 after buying an additional 22,937 shares in the last quarter. State Street Corp raised its position in GP Strategies Corporation by 2.8% in the fourth quarter. State Street Corp now owns 209,264 shares of the company’s stock valued at $5,981,000 after buying an additional 5,644 shares in the last quarter. Dimensional Fund Advisors LP raised its position in GP Strategies Corporation by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 930,763 shares of the company’s stock valued at $26,620,000 after buying an additional 9,343 shares in the last quarter. Cove Street Capital LLC raised its position in shares of 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 during the period. Finally, Cadence Capital Management LLC raised its position in shares of GP Strategies Corporation by 20.3% in the first quarter. Cadence Capital Management LLC now owns 59,394 shares of the company’s stock valued at $1,503,000 after buying an additional 10,020 shares during the period. Institutional investors own 88.32% of the company’s stock.

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Several analysts have issued reports on the company. B. Riley restated a “neutral” rating and issued a $27.00 target price on shares of GP Strategies Corporation in a research note on Wednesday, May 3rd. BidaskClub lowered GP Strategies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Monday, July 31st. Barrington Research boosted their target price on GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded GP Strategies Corporation from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.00.

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.

Earnings History for GP Strategies Corporation (NYSE:GPX)

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