BlackRock Inc. boosted its position in GP Strategies Corp (NYSE:GPX) by 5.2% in the 2nd quarter, Holdings Channel reports. The firm owned 731,786 shares of the company’s stock after purchasing an additional 36,380 shares during the period. BlackRock Inc.’s holdings in GP Strategies were worth $12,881,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of GPX. Royce & Associates LP increased its stake in shares of GP Strategies by 31.2% during the 2nd quarter. Royce & Associates LP now owns 478,758 shares of the company’s stock valued at $8,426,000 after acquiring an additional 113,968 shares during the last quarter. Millennium Management LLC increased its stake in shares of GP Strategies by 88.6% during the 1st quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock valued at $858,000 after acquiring an additional 17,809 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of GP Strategies by 39.7% during the 1st quarter. JPMorgan Chase & Co. now owns 45,771 shares of the company’s stock valued at $1,036,000 after acquiring an additional 12,997 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GP Strategies by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,007,039 shares of the company’s stock valued at $22,809,000 after acquiring an additional 6,775 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its stake in shares of GP Strategies by 6.4% during the 2nd quarter. IndexIQ Advisors LLC now owns 96,574 shares of the company’s stock valued at $1,700,000 after acquiring an additional 5,807 shares during the last quarter. 87.66% of the stock is owned by institutional investors.
NYSE GPX opened at $14.69 on Friday. GP Strategies Corp has a 12 month low of $13.77 and a 12 month high of $28.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $236.29 million, a PE ratio of 10.88, a P/E/G ratio of 0.86 and a beta of 0.78.
GP Strategies (NYSE:GPX) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.13. GP Strategies had a net margin of 1.78% and a return on equity of 11.06%. The company had revenue of $133.69 million during the quarter, compared to the consensus estimate of $134.50 million. On average, analysts expect that GP Strategies Corp will post 1.1 earnings per share for the current fiscal year.
In other news, Director Marshall S. Geller bought 2,000 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was acquired at an average price of $16.57 per share, for a total transaction of $33,140.00. Following the acquisition, the director now owns 148,254 shares of the company’s stock, valued at $2,456,568.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 25.70% of the stock is currently owned by insiders.
A number of research analysts have recently commented on GPX shares. B. Riley dropped their price objective on shares of GP Strategies from $25.75 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of GP Strategies from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. 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. GP Strategies currently has a consensus rating of “Hold” and an average price target of $26.00.
GP Strategies Company Profile
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.
Further Reading: Stock Symbols and CUSIP Explained
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