Falcon Point Capital LLC reduced its stake in GP Strategies Corp (NYSE:GPX) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,889 shares of the company’s stock after selling 6,025 shares during the quarter. Falcon Point Capital LLC owned 0.20% of GP Strategies worth $763,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in GP Strategies in the 3rd quarter valued at about $106,000. Alliancebernstein L.P. bought a new stake in shares of GP Strategies during the 2nd quarter worth approximately $214,000. Susquehanna International Group LLP bought a new stake in shares of GP Strategies during the 2nd quarter worth approximately $222,000. The Manufacturers Life Insurance Company lifted its holdings in shares of GP Strategies by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock worth $267,000 after acquiring an additional 225 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of GP Strategies during the 3rd quarter worth approximately $408,000. 88.05% of the stock is currently owned by institutional investors and hedge funds.
GPX has been the subject of several research reports. Zacks Investment Research raised shares of GP Strategies from a “strong sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research note on Wednesday, January 3rd. B. Riley restated a “hold” rating and issued a $24.50 price target on shares of GP Strategies in a research report on Tuesday, December 12th. TheStreet cut shares of GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Finally, Barrington Research restated a “buy” rating and issued a $30.00 price target on shares of GP Strategies in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. GP Strategies has an average rating of “Buy” and a consensus price target of $29.00.
GP Strategies Corp (NYSE:GPX) traded up $0.20 during midday trading on Thursday, reaching $22.35. 38,989 shares of the company were exchanged, compared to its average volume of 65,880. GP Strategies Corp has a 1-year low of $20.30 and a 1-year high of $31.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 1.40. The stock has a market capitalization of $375.11, a P/E ratio of 23.28, a PEG ratio of 1.00 and a beta of 0.95.
GP Strategies (NYSE:GPX) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. GP Strategies had a net margin of 2.53% and a return on equity of 11.65%. The business had revenue of $131.50 million during the quarter, compared to the consensus estimate of $131.87 million. research analysts predict that GP Strategies Corp will post 1.43 earnings per share for the current fiscal year.
GP Strategies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 22nd that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
GP Strategies 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.
Receive News & Ratings for GP Strategies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies and related companies with MarketBeat.com's FREE daily email newsletter.