Ronald Jr. Starzman Sells 1,500 Shares of Public Policy (NASDAQ:PPHC) Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) EVP Ronald Jr. Starzman sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $10.94, for a total value of $16,410.00. Following the completion of the transaction, the executive vice president directly owned 71,390 shares of the company’s stock, valued at $781,006.60. This represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Public Policy Stock Down 2.9%

Shares of NASDAQ PPHC opened at $10.64 on Thursday. The company has a 50 day simple moving average of $9.40 and a 200 day simple moving average of $11.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. Public Policy Holding Company, Inc. has a 1 year low of $7.01 and a 1 year high of $15.15. The firm has a market cap of $321.54 million and a PE ratio of 96.73.

Public Policy (NASDAQ:PPHC) last posted its earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share for the quarter. Public Policy had a negative net margin of 18.85% and a negative return on equity of 0.26%. The firm had revenue of $52.14 million for the quarter. On average, research analysts forecast that Public Policy Holding Company, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings upgraded Public Policy from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $18.00 price target on shares of Public Policy in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Public Policy presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Public Policy stock. Ancora Advisors LLC purchased a new position in Public Policy Holding Company, Inc. (NASDAQ:PPHC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 252,228 shares of the company’s stock, valued at approximately $1,869,000. Ancora Advisors LLC owned 0.83% of Public Policy as of its most recent filing with the Securities and Exchange Commission.

Public Policy News Roundup

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

• Positive Sentiment: Ancora Advisors initiated a position of 252,228 shares, worth approximately $1.9 million, during the second quarter. Analysts also remain mixed but generally constructive, with two Buy ratings, one Hold, one Sell, and a consensus price target of $17 versus recent trading levels. Public Policy analyst and institutional ownership information
• Neutral Sentiment: Reported short interest was zero shares as of August 25, unchanged from the prior report, with a days-to-cover ratio of zero. However, the accompanying percentage change was reported as “NaN,” suggesting the data may be incomplete and limiting its value as a market signal. PPHC short interest report
• Negative Sentiment: Five insiders sold a combined 8,829 shares for approximately $96,589 at an average price of $10.94. Sellers included the CFO, an EVP, a director, and two other insiders; each reduced their holdings by roughly 1.1% to 2.5%. While the sales were relatively small compared with their remaining positions, the concentration of insider selling can raise concerns about management confidence and contribute to near-term pressure on PPHC. PPHC insider sales report

Public Policy Company Profile

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.