Johnson Mccallum Green Sells 2,298 Shares of Public Policy (NASDAQ:PPHC) Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Johnson Mccallum Green sold 2,298 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.35, for a total transaction of $23,784.30. Following the sale, the insider directly owned 1,079,269 shares in the company, valued at approximately $11,170,434.15. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was sold at an average price of $10.19, for a total transaction of $8,753.21.

Public Policy Trading Down 0.1%

Shares of PPHC opened at $10.51 on Friday. Public Policy Holding Company, Inc. has a 12 month low of $9.81 and a 12 month high of $15.15. The firm has a 50 day simple moving average of $12.44.

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

Public Policy Announces Dividend

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

Wall Street Analyst Weigh In

PPHC has been the topic of a number of recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a $18.00 price objective on shares of Public Policy in a research note on Tuesday, March 24th. Weiss Ratings lowered Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research note on Tuesday, June 2nd. Zacks Research raised Public Policy to a “hold” rating in a research note on Tuesday, February 24th. Finally, Oppenheimer initiated coverage on Public Policy in a research note on Monday, February 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.

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.