Bessemer Group Inc. Increases Stake in GP Strategies Corp (GPX)
Bessemer Group Inc. lifted its stake in shares of GP Strategies Corp (NYSE:GPX) by 11.1% during the fourth quarter, HoldingsChannel reports. The firm owned 27,950 shares of the company’s stock after buying an additional 2,800 shares during the period. Bessemer Group Inc.’s holdings in GP Strategies were worth $649,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in GPX. Northpointe Capital LLC acquired a new position in shares of GP Strategies during the third quarter worth approximately $5,628,000. NWQ Investment Management Company LLC lifted its position in shares of GP Strategies by 8.9% during the third quarter. NWQ Investment Management Company LLC now owns 1,264,418 shares of the company’s stock worth $39,007,000 after purchasing an additional 103,140 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of GP Strategies by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 570,797 shares of the company’s stock worth $17,609,000 after purchasing an additional 50,636 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of GP Strategies by 6.8% during the third quarter. Russell Investments Group Ltd. now owns 358,720 shares of the company’s stock worth $11,066,000 after purchasing an additional 22,759 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its position in shares of GP Strategies by 6.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 330,913 shares of the company’s stock worth $7,677,000 after purchasing an additional 19,961 shares in the last quarter. Institutional investors own 88.94% of the company’s stock.
Shares of GP Strategies Corp (GPX) opened at $23.25 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $382.67, a P/E ratio of 19.70, a P/E/G ratio of 1.06 and a beta of 0.86. GP Strategies Corp has a 12 month low of $22.30 and a 12 month high of $31.25.
A number of equities analysts have recently issued reports on GPX shares. Zacks Investment Research upgraded shares of GP Strategies from a “strong sell” rating to a “hold” rating and set a $29.00 target price on the stock in a research report on Wednesday, January 3rd. B. Riley reiterated a “hold” rating and set a $24.50 target price on shares of GP Strategies in a research report on Tuesday, December 12th. Finally, TheStreet lowered shares of GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $29.67.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://theolympiareport.com/2018/02/11/bessemer-group-inc-increases-stake-in-gp-strategies-corp-gpx.html.
GP Strategies 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.
Want to see what other hedge funds are holding GPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GP Strategies Corp (NYSE:GPX).
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.