GP Strategies (GPX) Downgraded to “Sell” at Zacks Investment Research

GP Strategies (NYSE:GPX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “GP Strategies Corporation, whose operating subsidiary is General Physics Corporation, is a NYSE listed company. General Physics is a global provider of training and e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions that enhance an organization’s people, processes or technology. “

Separately, B. Riley set a $24.00 price objective on shares of GP Strategies and gave the stock a “buy” rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. GP Strategies has a consensus rating of “Hold” and an average target price of $26.00.

Shares of NYSE GPX traded down $0.23 during trading on Thursday, hitting $14.25. The company had a trading volume of 63,400 shares, compared to its average volume of 51,659. GP Strategies has a 52 week low of $13.62 and a 52 week high of $26.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $240.75 million, a P/E ratio of 10.56, a P/E/G ratio of 0.88 and a beta of 0.85.

GP Strategies (NYSE:GPX) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. GP Strategies had a net margin of 1.77% and a return on equity of 10.79%. The firm had revenue of $123.57 million for the quarter, compared to analysts’ expectations of $127.97 million. On average, research analysts forecast that GP Strategies will post 1.1 earnings per share for the current year.

In other news, Director Marshall S. Geller acquired 2,000 shares of the stock in a transaction on Thursday, September 27th. The shares were purchased at an average cost of $16.57 per share, for a total transaction of $33,140.00. Following the transaction, the director now owns 148,254 shares in the company, valued at approximately $2,456,568.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 25.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cove Street Capital LLC grew its holdings in shares of GP Strategies by 8.5% during the 2nd quarter. Cove Street Capital LLC now owns 1,613,637 shares of the company’s stock valued at $28,400,000 after acquiring an additional 126,751 shares in the last quarter. Royce & Associates LP grew its holdings 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 in the last quarter. First Wilshire Securities Management Inc. grew its holdings in shares of GP Strategies by 565.7% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 60,710 shares of the company’s stock valued at $1,068,000 after acquiring an additional 51,590 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of GP Strategies by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,056,073 shares of the company’s stock valued at $18,587,000 after acquiring an additional 49,034 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of GP Strategies by 5.2% during the 2nd quarter. BlackRock Inc. now owns 731,786 shares of the company’s stock valued at $12,881,000 after acquiring an additional 36,380 shares in the last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.

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.

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