Manatuck Hill Partners LLC Holds Holdings in GP Strategies Corporation (GPX)
Manatuck Hill Partners LLC maintained its position in GP Strategies Corporation (NYSE:GPX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,521 shares of the company’s stock at the close of the 2nd quarter. Manatuck Hill Partners LLC owned 0.26% of GP Strategies Corporation worth $1,149,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in shares of GP Strategies Corporation by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock worth $8,870,000 after buying an additional 122,523 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of GP Strategies Corporation by 20.0% in the 1st quarter. Neuberger Berman Group LLC now owns 504,316 shares of the company’s stock valued at $12,759,000 after buying an additional 83,953 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of GP Strategies Corporation by 30.7% in the 2nd quarter. Royce & Associates LP now owns 194,271 shares of the company’s stock valued at $5,129,000 after buying an additional 45,605 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of GP Strategies Corporation in the 1st quarter valued at $862,000. Finally, Cove Street Capital LLC grew its position in shares of GP Strategies Corporation by 2.8% in the 1st quarter. Cove Street Capital LLC now owns 1,162,841 shares of the company’s stock valued at $29,420,000 after buying an additional 31,191 shares during the last quarter. 88.39% of the stock is currently owned by institutional investors.
In other news, Director Marshall S. Geller sold 7,691 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $28.59, for a total value of $219,885.69. Following the sale, the director now owns 141,051 shares in the company, valued at approximately $4,032,648.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marshall S. Geller sold 3,894 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $28.64, for a total transaction of $111,524.16. Following the completion of the sale, the director now owns 141,051 shares in the company, valued at approximately $4,039,700.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,317 shares of company stock valued at $608,101. 25.70% of the stock is owned by company insiders.
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Several equities research analysts recently commented on GPX shares. BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of GP Strategies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Barrington Research upped their price objective on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, B. Riley reaffirmed a “neutral” rating and set a $27.00 price objective on shares of GP Strategies Corporation in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.00.
Shares of GP Strategies Corporation (GPX) traded down 0.16% during midday trading on Tuesday, reaching $31.00. The company’s stock had a trading volume of 6,268 shares. The firm has a market capitalization of $518.48 million, a PE ratio of 24.22 and a beta of 0.93. GP Strategies Corporation has a 1-year low of $22.70 and a 1-year high of $31.25. The company’s 50-day moving average price is $28.89 and its 200 day moving average price is $26.68.
GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The firm had revenue of $131.16 million for the quarter, compared to analysts’ expectations of $131.20 million. During the same period in the prior year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that GP Strategies Corporation will post $1.31 earnings per share for the current year.
GP Strategies Corporation Company Profile
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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