Bard Associates Inc. Has $236,000 Holdings in GP Strategies Corporation (GPX)

Bard Associates Inc. continued to hold its stake in shares of GP Strategies Corporation (NYSE:GPX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,935 shares of the company’s stock at the close of the second quarter. Bard Associates Inc. owned approximately 0.05% of GP Strategies Corporation worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in GPX. Nationwide Fund Advisors lifted its position in GP Strategies Corporation by 1.1% during 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. Russell Investments Group Ltd. lifted its position in GP Strategies Corporation by 6.2% during 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. Wells Fargo & Company MN lifted its position in GP Strategies Corporation by 30.1% during the first quarter. Wells Fargo & Company MN now owns 15,053 shares of the company’s stock valued at $380,000 after buying an additional 3,486 shares during the period. Bank of New York Mellon Corp lifted its position in GP Strategies Corporation by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 59,438 shares of the company’s stock valued at $1,503,000 after buying an additional 871 shares during the period. Finally, AlphaOne Investment Services LLC lifted its position in GP Strategies Corporation by 17.6% during the first quarter. AlphaOne Investment Services LLC now owns 185,539 shares of the company’s stock valued at $4,695,000 after buying an additional 27,788 shares during the period. 88.39% of the stock is owned by institutional investors and hedge funds.

In other news, Director Marshall S. Geller sold 7,691 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $28.59, for a total transaction of $219,885.69. Following the transaction, the director now owns 141,051 shares of the company’s stock, valued at approximately $4,032,648.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marshall S. Geller sold 3,894 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $28.64, for a total value of $111,524.16. Following the transaction, the director now directly owns 141,051 shares in the company, valued at approximately $4,039,700.64. The disclosure for this sale can be found here. Insiders have sold a total of 21,317 shares of company stock worth $608,101 in the last three months. Corporate insiders own 25.70% of the company’s stock.

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Several equities analysts have commented on the company. B. Riley reissued a “neutral” rating and set a $27.00 price objective on shares of GP Strategies Corporation in a research report on Wednesday, August 2nd. TheStreet raised GP Strategies Corporation from a “c+” rating to a “b-” rating in a research report on Monday, July 31st. Zacks Investment Research raised GP Strategies Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, July 31st. BidaskClub raised GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Barrington Research raised their price objective on GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.00.

GP Strategies Corporation (NYSE:GPX) opened at 28.50 on Wednesday. GP Strategies Corporation has a 12 month low of $22.70 and a 12 month high of $30.00. The firm’s 50-day moving average price is $28.20 and its 200 day moving average price is $26.07. The stock has a market cap of $476.66 million, a price-to-earnings ratio of 22.27 and a beta of 0.90.

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, topping analysts’ consensus estimates 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 business had revenue of $131.16 million for the quarter, compared to the consensus estimate of $131.20 million. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that GP Strategies Corporation will post $1.31 earnings per share for the current year.

GP Strategies Corporation 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 Corporation (NYSE:GPX)

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