GP Strategies Corp (NYSE:GPX) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 381,400 shares, a decrease of 7.4% from the June 30th total of 411,900 shares. Based on an average daily trading volume, of 64,900 shares, the short-interest ratio is presently 5.9 days. Approximately 2.4% of the shares of the company are sold short.
Shares of GP Strategies stock opened at $12.83 on Friday. GP Strategies has a 52-week low of $11.77 and a 52-week high of $19.55. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.74. The company’s 50-day simple moving average is $15.04 and its 200-day simple moving average is $14.41. The firm has a market cap of $219.12 million, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82.
GP Strategies (NYSE:GPX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). GP Strategies had a return on equity of 6.65% and a net margin of 1.32%. The firm had revenue of $149.41 million for the quarter, compared to analyst estimates of $149.01 million. Equities research analysts anticipate that GP Strategies will post 0.94 EPS for the current year.
A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of GP Strategies from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Barrington Research reiterated a “buy” rating and set a $20.00 price target on shares of GP Strategies in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of GP Strategies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 6th.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of GP Strategies by 2.3% during the 4th quarter. BlackRock Inc. now owns 753,873 shares of the company’s stock valued at $9,508,000 after purchasing an additional 17,253 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of GP Strategies by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 69,105 shares of the company’s stock valued at $871,000 after acquiring an additional 865 shares during the period. Dimensional Fund Advisors LP increased its position in shares of GP Strategies by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,120,417 shares of the company’s stock valued at $14,129,000 after acquiring an additional 28,556 shares during the period. Geode Capital Management LLC increased its position in shares of GP Strategies by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 138,380 shares of the company’s stock valued at $1,744,000 after acquiring an additional 5,684 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of GP Strategies in the 1st quarter valued at $252,000. Institutional investors and hedge funds own 88.36% of the company’s stock.
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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