GP Strategies (GPX) Given “Buy” Rating at Barrington Research

GP Strategies (NYSE:GPX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barrington Research in a research note issued to investors on Thursday. They currently have a $20.00 price objective on the stock. Barrington Research’s price objective suggests a potential upside of 52.44% from the company’s current price.

A number of other research analysts have also recently commented on GPX. Zacks Investment Research cut GP Strategies from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. B. Riley set a $24.00 price objective on GP Strategies and gave the stock a “buy” rating in a research note on Wednesday, October 3rd.

Shares of GP Strategies stock opened at $13.12 on Thursday. GP Strategies has a twelve month low of $12.50 and a twelve month high of $26.80. The firm has a market capitalization of $209.22 million, a P/E ratio of 10.35, a PEG ratio of 0.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.10.

GP Strategies (NYSE:GPX) last issued its earnings results on Tuesday, November 6th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. GP Strategies had a return on equity of 10.76% and a net margin of 1.77%. The firm had revenue of $123.57 million for the quarter, compared to analysts’ expectations of $127.97 million. As a group, equities research analysts predict that GP Strategies will post 1.12 EPS for the current year.

In related news, Director Marshall S. Geller acquired 2,000 shares of GP Strategies stock in a transaction on Thursday, September 27th. The shares were bought at an average price of $16.57 per share, for a total transaction of $33,140.00. Following the completion of the purchase, the director now directly owns 148,254 shares in the company, valued at approximately $2,456,568.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 25.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of GP Strategies during the third quarter worth about $268,000. Bridgeway Capital Management Inc. acquired a new position in shares of GP Strategies during the third quarter worth about $388,000. Summit Global Investments acquired a new position in shares of GP Strategies during the second quarter worth about $605,000. Millennium Management LLC lifted its stake in shares of GP Strategies by 88.6% during the first quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock worth $858,000 after purchasing an additional 17,809 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of GP Strategies by 75.8% during the second quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock worth $860,000 after purchasing an additional 21,080 shares in the last quarter. Institutional investors own 88.72% 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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