ValuEngine upgraded shares of GP Strategies Corporation (NYSE:GPX) from a hold rating to a buy rating in a research report sent to investors on Friday.

Several other research firms have also recently weighed in on GPX. BidaskClub raised GP Strategies Corporation from a hold rating to a buy rating in a research report on Tuesday, July 11th. B. Riley reissued a neutral rating and issued a $27.00 price objective on shares of GP Strategies Corporation in a research report on Monday, May 8th. Zacks Investment Research raised GP Strategies Corporation from a sell rating to a hold rating in a research report on Tuesday, July 18th. Finally, TheStreet cut GP Strategies Corporation from a b rating to a c+ rating in a research report on Thursday, May 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $30.00.

Shares of GP Strategies Corporation (NYSE GPX) opened at 28.65 on Friday. GP Strategies Corporation has a 1-year low of $21.63 and a 1-year high of $30.00. The firm’s 50-day moving average is $26.65 and its 200 day moving average is $25.58. The company has a market cap of $479.17 million, a price-to-earnings ratio of 22.38 and a beta of 0.91.

GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The company had revenue of $131.16 million during the quarter, compared to analysts’ expectations of $131.20 million. During the same period in the prior year, the business earned $0.29 earnings per share. GP Strategies Corporation’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that GP Strategies Corporation will post $1.27 EPS for the current fiscal year.

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In other news, CEO Scott N. Greenberg bought 1,666 shares of GP Strategies Corporation stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average cost of $23.21 per share, with a total value of $38,667.86. Following the completion of the transaction, the chief executive officer now directly owns 149,388 shares in the company, valued at $3,467,295.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl Baer sold 6,435 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $24.78, for a total value of $159,459.30. Following the completion of the transaction, the insider now directly owns 16,205 shares of the company’s stock, valued at $401,559.90. The disclosure for this sale can be found here. 25.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GPX. State Street Corp boosted its position in shares of GP Strategies Corporation by 2.8% in the fourth quarter. State Street Corp now owns 209,264 shares of the company’s stock valued at $5,981,000 after buying an additional 5,644 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of GP Strategies Corporation by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 930,763 shares of the company’s stock valued at $26,620,000 after buying an additional 9,343 shares during the period. CAPROCK Group Inc. boosted its position in shares of GP Strategies Corporation by 35.3% in the first quarter. CAPROCK Group Inc. now owns 18,400 shares of the company’s stock valued at $466,000 after buying an additional 4,800 shares during the period. Nationwide Fund Advisors boosted its position in shares of GP Strategies Corporation by 1.1% in the first quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock valued at $402,000 after buying an additional 175 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of GP Strategies Corporation by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 213,438 shares of the company’s stock valued at $5,400,000 after buying an additional 12,510 shares during the period. 87.73% of the stock is 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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