Insider Selling: Public Policy (NASDAQ:PPHC) Insider Sells $23,784.30 in Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Johnson Mccallum Green sold 2,298 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.35, for a total transaction of $23,784.30. Following the sale, the insider owned 1,079,269 shares in the company, valued at $11,170,434.15. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Johnson Mccallum Green also recently made the following trade(s):

• On Wednesday, June 10th, Johnson Mccallum Green sold 859 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total transaction of $8,753.21.

Public Policy Stock Performance

Shares of PPHC stock opened at $10.51 on Monday. The company’s 50 day simple moving average is $12.44. Public Policy Holding Company, Inc. has a 12 month low of $9.81 and a 12 month high of $15.15.

Public Policy (NASDAQ:PPHC) last announced its quarterly earnings results on Monday, March 23rd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). The company had revenue of $49.90 million for the quarter, compared to the consensus estimate of $49.90 million.

Public Policy Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were paid a dividend of $0.24 per share. This represents a dividend yield of 342.0%. The ex-dividend date was Friday, April 24th.

More Public Policy News

Here are the key news stories impacting Public Policy this week:

• Neutral Sentiment: CEO George Stewart Hall sold small blocks of shares on both June 10 and June 11, reducing his stake only slightly, but the repeated sales add to the broader insider-selling trend. SEC filing
• Neutral Sentiment: Director Keenan Nealean Austin also sold shares on June 10 and June 11, trimming ownership modestly; while the amounts were not huge, the sales reinforce the pattern of insider disposition. SEC filing
• Neutral Sentiment: EVP Ronald J. Jr. Starzman sold shares on both dates as well, as did insiders Neal Howard Strum, Thomas Edward Gensemer, and Johnson Mccallum Green, creating a broad wave of insider selling across management. SEC filing
• Negative Sentiment: The overall takeaway for investors is that PPHC’s stock is drifting lower today because of the accumulation of insider sales, which may be interpreted as bearish sentiment from those closest to the business.

Analyst Ratings Changes

PPHC has been the topic of several analyst reports. Zacks Research upgraded Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Oppenheimer initiated coverage on Public Policy in a research report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 price target on shares of Public Policy in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

About Public Policy

Our mission is to become the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders. Founded by veteran advisors with decades of experience in Washington, DC’s public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth.