Public Policy (NASDAQ:PPHC) Insider Sells $20,772.45 in Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Neal Howard Strum sold 2,007 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $10.35, for a total value of $20,772.45. Following the sale, the insider owned 58,820 shares in the company, valued at $608,787. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Neal Howard Strum also recently made the following trade(s):

• On Wednesday, June 10th, Neal Howard Strum sold 749 shares of Public Policy stock. The stock was sold at an average price of $10.19, for a total value of $7,632.31.

Public Policy Stock Performance

PPHC stock opened at $10.51 on Monday. Public Policy Holding Company, Inc. has a 52-week low of $9.81 and a 52-week high of $15.15. The business’s fifty day simple moving average is $12.44.

Public Policy (NASDAQ:PPHC) last posted its quarterly earnings data on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.07). The firm had revenue of $49.90 million during the quarter, compared to analyst estimates of $49.90 million.

Public Policy Announces Dividend

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

Analysts Set New Price Targets

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

Key Headlines Impacting Public Policy

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.

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.