IndexIQ Advisors LLC cut its stake in shares of GP Strategies Corp (NYSE:GPX) by 82.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,927 shares of the company’s stock after selling 76,869 shares during the quarter. IndexIQ Advisors LLC owned about 0.10% of GP Strategies worth $194,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its holdings in GP Strategies by 442.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,597 shares of the company’s stock worth $32,000 after purchasing an additional 2,118 shares in the last quarter. Heritage Investors Management Corp purchased a new position in GP Strategies in the 1st quarter worth approximately $124,000. Stone Ridge Asset Management LLC purchased a new position in GP Strategies in the 4th quarter worth approximately $130,000. Cubic Asset Management LLC lifted its holdings in GP Strategies by 12.1% in the 4th quarter. Cubic Asset Management LLC now owns 13,890 shares of the company’s stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in GP Strategies by 42.3% in the 4th quarter. Rhumbline Advisers now owns 17,998 shares of the company’s stock worth $227,000 after purchasing an additional 5,346 shares in the last quarter. Institutional investors own 89.20% of the company’s stock.
A number of research analysts recently commented on GPX shares. B. Riley set a $19.00 price target on GP Strategies and gave the stock a “buy” rating in a report on Tuesday, March 19th. ValuEngine raised GP Strategies from a “strong sell” rating to a “sell” rating in a research note on Friday, May 10th. Finally, Zacks Investment Research downgraded GP Strategies from a “hold” rating to a “sell” rating in a research report on Friday, March 1st.
Shares of NYSE GPX traded up $0.31 during trading hours on Friday, hitting $15.09. 35,290 shares of the company traded hands, compared to its average volume of 60,356. The company has a market cap of $249.00 million, a P/E ratio of 16.77, a P/E/G ratio of 0.85 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.83 and a current ratio of 1.83. GP Strategies Corp has a 12 month low of $11.77 and a 12 month high of $20.05.
GP Strategies (NYSE:GPX) last released its earnings results on Friday, May 10th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $139.47 million for the quarter, compared to the consensus estimate of $137.09 million. GP Strategies had a return on equity of 7.70% and a net margin of 1.42%. As a group, equities analysts predict that GP Strategies Corp will post 1.16 EPS for the current year.
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.
See Also: Dividend Achievers
Receive News & Ratings for GP Strategies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies and related companies with MarketBeat.com's FREE daily email newsletter.