GP Strategies (NYSE:GPX) released its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03, Morningstar.com reports. The company had revenue of $123.57 million for the quarter, compared to analyst estimates of $127.97 million. GP Strategies had a return on equity of 11.06% and a net margin of 1.78%.
NYSE GPX traded down $0.08 during trading hours on Wednesday, reaching $14.48. 124,896 shares of the company’s stock were exchanged, compared to its average volume of 51,608. The firm has a market cap of $238.60 million, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.87 and a beta of 0.85. GP Strategies has a one year low of $13.62 and a one year high of $26.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12.
GPX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded GP Strategies from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. B. Riley set a $24.00 price target on GP Strategies and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.00.
In other news, Director Marshall S. Geller acquired 2,000 shares of GP Strategies stock in a transaction on Thursday, September 27th. The shares were purchased at an average price of $16.57 per share, with a total value of $33,140.00. Following the acquisition, the director now owns 148,254 shares in the company, valued at $2,456,568.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. 25.70% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of GPX. SG Americas Securities LLC acquired a new position in GP Strategies during the 3rd quarter worth $268,000. Summit Global Investments acquired a new position in GP Strategies during the 2nd quarter worth $605,000. Millennium Management LLC lifted its holdings in GP Strategies by 88.6% during the 1st quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock worth $858,000 after buying an additional 17,809 shares in the last quarter. Citadel Advisors LLC lifted its holdings in GP Strategies by 75.8% during the 2nd quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock worth $860,000 after buying an additional 21,080 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in GP Strategies by 39.7% during the 1st quarter. JPMorgan Chase & Co. now owns 45,771 shares of the company’s stock worth $1,036,000 after buying an additional 12,997 shares in the last quarter. 87.20% of the stock is currently owned by hedge funds and other institutional investors.
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About GP Strategies
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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