GP Strategies Corporation (GPX) Downgraded to C at TheStreet

GP Strategies Corporation (NYSE:GPX) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Friday.

A number of other research firms have also recently weighed in on GPX. BidaskClub raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. B. Riley reaffirmed a “neutral” rating and set a $27.00 price target on shares of GP Strategies Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of GP Strategies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. ValuEngine raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Barrington Research upped their price target on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

GP Strategies Corporation (NYSE:GPX) opened at $23.70 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40. GP Strategies Corporation has a 12 month low of $22.70 and a 12 month high of $31.25. The firm has a market cap of $406.16, a price-to-earnings ratio of 18.91, a PEG ratio of 1.50 and a beta of 0.92.

GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. GP Strategies Corporation had a net margin of 3.95% and a return on equity of 12.16%. The business had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $125.01 million. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts predict that GP Strategies Corporation will post 1.08 earnings per share for the current year.

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In related news, Director Marshall S. Geller sold 3,894 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $28.64, for a total value of $111,524.16. Following the sale, the director now directly owns 141,051 shares of the company’s stock, valued at approximately $4,039,700.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marshall S. Geller sold 7,691 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $28.59, for a total transaction of $219,885.69. Following the completion of the sale, the director now directly owns 141,051 shares in the company, valued at $4,032,648.09. The disclosure for this sale can be found here. 25.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in GP Strategies Corporation in the 3rd quarter valued at about $106,000. First Interstate Bank grew its stake in GP Strategies Corporation by 102.2% in the 2nd quarter. First Interstate Bank now owns 7,785 shares of the company’s stock valued at $206,000 after acquiring an additional 3,935 shares during the last quarter. American International Group Inc. grew its stake in GP Strategies Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after acquiring an additional 516 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in GP Strategies Corporation in the 2nd quarter valued at about $214,000. Finally, Susquehanna International Group LLP acquired a new stake in GP Strategies Corporation in the 2nd quarter valued at about $222,000. 87.82% of the stock is currently owned by hedge funds and other institutional investors.

About GP Strategies Corporation

GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.

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