GP Strategies (GPX) Issues Earnings Results

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GP Strategies (NYSE:GPX) posted its quarterly earnings results on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03, Morningstar.com reports. GP Strategies had a return on equity of 11.06% and a net margin of 1.78%. The firm had revenue of $123.57 million during the quarter, compared to the consensus estimate of $127.97 million.

Shares of NYSE GPX traded down $0.08 on Wednesday, hitting $14.48. The company had a trading volume of 124,896 shares, compared to its average volume of 51,608. GP Strategies has a 12-month low of $13.62 and a 12-month 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. The company has a market capitalization of $238.60 million, a price-to-earnings ratio of 10.73, a PEG ratio of 0.87 and a beta of 0.85.

Several brokerages have recently weighed in on GPX. Zacks Investment Research raised GP Strategies from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. B. Riley set a $21.00 target price on GP Strategies and gave the stock a “buy” rating in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.00.

In related news, Director Marshall S. Geller bought 2,000 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was bought at an average price of $16.57 per share, with a total value of $33,140.00. Following the completion of the transaction, the director now directly owns 148,254 shares of the company’s stock, valued at $2,456,568.78. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 25.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of GPX. SG Americas Securities LLC purchased a new position in GP Strategies in the third quarter valued at about $268,000. Summit Global Investments purchased a new position in GP Strategies in the second quarter valued at about $605,000. Millennium Management LLC boosted its holdings in GP Strategies by 88.6% in the first quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock valued at $858,000 after purchasing an additional 17,809 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in GP Strategies by 39.7% in the first quarter. JPMorgan Chase & Co. now owns 45,771 shares of the company’s stock valued at $1,036,000 after purchasing an additional 12,997 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in GP Strategies by 75.8% in the second quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock valued at $860,000 after purchasing an additional 21,080 shares during the last quarter. 87.20% of the stock is owned by 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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Earnings History for GP Strategies (NYSE:GPX)

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