First Wilshire Securities Management Inc. Has $1.33 Million Stock Position in GP Strategies Corp (NYSE:GPX)

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First Wilshire Securities Management Inc. lowered its position in GP Strategies Corp (NYSE:GPX) by 40.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,187 shares of the company’s stock after selling 60,970 shares during the period. First Wilshire Securities Management Inc.’s holdings in GP Strategies were worth $1,330,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GPX. Rutabaga Capital Management LLC MA bought a new position in GP Strategies in the first quarter worth approximately $5,168,000. BlackRock Inc. boosted its holdings in GP Strategies by 21.6% in the second quarter. BlackRock Inc. now owns 887,601 shares of the company’s stock worth $13,385,000 after acquiring an additional 157,483 shares in the last quarter. THB Asset Management boosted its holdings in GP Strategies by 59.9% in the second quarter. THB Asset Management now owns 311,890 shares of the company’s stock worth $4,703,000 after acquiring an additional 116,876 shares in the last quarter. Cove Street Capital LLC boosted its holdings in GP Strategies by 3.8% in the first quarter. Cove Street Capital LLC now owns 2,297,922 shares of the company’s stock worth $27,920,000 after acquiring an additional 84,138 shares in the last quarter. Finally, Balter Liquid Alternatives LLC boosted its holdings in GP Strategies by 133.8% in the second quarter. Balter Liquid Alternatives LLC now owns 92,725 shares of the company’s stock worth $1,398,000 after acquiring an additional 53,071 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.

Shares of NYSE:GPX opened at $13.25 on Friday. The business’s 50 day simple moving average is $13.22 and its two-hundred day simple moving average is $13.93. The firm has a market cap of $223.79 million, a P/E ratio of 14.72, a PEG ratio of 0.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.93 and a current ratio of 1.93. GP Strategies Corp has a 52-week low of $11.77 and a 52-week high of $18.80.

GP Strategies (NYSE:GPX) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $149.41 million during the quarter, compared to the consensus estimate of $149.01 million. GP Strategies had a return on equity of 6.65% and a net margin of 1.32%. On average, equities analysts forecast that GP Strategies Corp will post 0.94 earnings per share for the current fiscal year.

Several research analysts have issued reports on GPX shares. Zacks Investment Research lowered GP Strategies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 6th. Barrington Research reiterated a “buy” rating and issued a $20.00 price target on shares of GP Strategies in a report on Tuesday, August 6th. Finally, ValuEngine lowered GP Strategies from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th.

GP Strategies 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.

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

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