Bank of New York Mellon Corp Raises Stake in GP Strategies Corp (GPX)

Bank of New York Mellon Corp increased its stake in GP Strategies Corp (NYSE:GPX) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,438 shares of the company’s stock after buying an additional 871 shares during the period. Bank of New York Mellon Corp owned 0.35% of GP Strategies Corp worth $1,503,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Falcon Point Capital LLC raised its position in GP Strategies Corp by 3.1% in the first quarter. Falcon Point Capital LLC now owns 40,613 shares of the company’s stock worth $1,028,000 after buying an additional 1,238 shares in the last quarter. Wells Fargo & Company MN raised its position in GP Strategies Corp by 30.1% in the first quarter. Wells Fargo & Company MN now owns 15,053 shares of the company’s stock worth $380,000 after buying an additional 3,486 shares in the last quarter. Russell Investments Group Ltd. raised its position in GP Strategies Corp by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 213,438 shares of the company’s stock worth $5,400,000 after buying an additional 12,510 shares in the last quarter. Nationwide Fund Advisors raised its position in GP Strategies Corp by 1.1% in the first quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock worth $402,000 after buying an additional 175 shares in the last quarter. Finally, CAPROCK Group Inc. raised its position in GP Strategies Corp by 35.3% in the first quarter. CAPROCK Group Inc. now owns 18,400 shares of the company’s stock worth $466,000 after buying an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Shares of GP Strategies Corp (NYSE GPX) traded down 0.35% on Friday, hitting $28.25. 33,837 shares of the stock were exchanged. The firm’s 50 day moving average price is $27.57 and its 200 day moving average price is $25.78. The firm has a market cap of $472.48 million, a price-to-earnings ratio of 22.07 and a beta of 0.93. GP Strategies Corp has a one year low of $22.70 and a one year high of $30.00.

GP Strategies Corp (NYSE:GPX) last released its earnings results on Thursday, July 27th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The firm had revenue of $131.16 million for the quarter, compared to analysts’ expectations of $131.20 million. GP Strategies Corp had a net margin of 4.27% and a return on equity of 12.56%. GP Strategies Corp’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. Equities analysts anticipate that GP Strategies Corp will post $1.31 earnings per share for the current year.

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A number of research firms have commented on GPX. Barrington Research lifted their price objective on shares of GP Strategies Corp from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. TheStreet upgraded shares of GP Strategies Corp from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of GP Strategies Corp from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, July 31st. B. Riley restated a “neutral” rating and issued a $27.00 price objective on shares of GP Strategies Corp in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of GP Strategies Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. GP Strategies Corp currently has an average rating of “Buy” and an average target price of $30.00.

In other GP Strategies Corp news, CEO Scott N. Greenberg acquired 1,666 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were bought at an average price of $23.21 per share, with a total value of $38,667.86. Following the purchase, the chief executive officer now directly owns 149,388 shares of the company’s stock, valued at approximately $3,467,295.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kenneth L. Crawford sold 3,000 shares of GP Strategies Corp stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $28.77, for a total transaction of $86,310.00. Following the completion of the transaction, the vice president now directly owns 28,691 shares in the company, valued at approximately $825,440.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,728 shares of company stock worth $475,253. 25.70% of the stock is owned by corporate insiders.

GP Strategies Corp 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.

Institutional Ownership by Quarter for GP Strategies Corp (NYSE:GPX)

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