Insider Selling: Public Policy (NASDAQ:PPHC) EVP Sells 1,541 Shares of Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) EVP Ronald Jr. Starzman sold 1,541 shares of Public Policy stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.35, for a total value of $15,949.35. Following the sale, the executive vice president directly owned 52,036 shares of the company’s stock, valued at $538,572.60. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Public Policy Stock Down 0.1%

Shares of Public Policy stock traded down $0.01 on Friday, reaching $10.51. 76,180 shares of the stock were exchanged, compared to its average volume of 118,132. Public Policy Holding Company, Inc. has a twelve month low of $9.81 and a twelve month high of $15.15. The company has a 50 day simple moving average of $12.44.

Public Policy (NASDAQ:PPHC) last released its 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 during the quarter, compared to analysts’ expectations of $49.90 million.

Public Policy Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were given a dividend of $0.24 per share. This represents a 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 subject of several recent research reports. Zacks Research upgraded Public Policy to a “hold” rating in a research report on Tuesday, February 24th. 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 for the company. 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. Finally, Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Two 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. Based on data from MarketBeat.com, Public Policy currently has a consensus rating of “Hold” and a consensus target price of $17.00.

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.