Keenan Nealean Austin Sells 2,033 Shares of Public Policy (NASDAQ:PPHC) Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) Director Keenan Nealean Austin sold 2,033 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $10.94, for a total transaction of $22,241.02. Following the completion of the sale, the director directly owned 81,039 shares of the company’s stock, valued at approximately $886,566.66. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Keenan Nealean Austin also recently made the following trade(s):

• On Thursday, June 11th, Keenan Nealean Austin sold 1,252 shares of Public Policy stock. The stock was sold at an average price of $10.35, for a total value of $12,958.20.
• On Wednesday, June 10th, Keenan Nealean Austin sold 468 shares of Public Policy stock. The stock was sold at an average price of $10.19, for a total value of $4,768.92.

Public Policy Stock Down 2.9%

Shares of NASDAQ PPHC opened at $10.64 on Thursday. Public Policy Holding Company, Inc. has a 12-month low of $7.01 and a 12-month high of $15.15. The stock’s fifty day simple moving average is $9.40 and its two-hundred day simple moving average is $11.35. The stock has a market capitalization of $321.54 million and a PE ratio of 96.73. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

Public Policy (NASDAQ:PPHC) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.34 EPS for the quarter. Public Policy had a negative return on equity of 0.26% and a negative net margin of 18.85%.The firm had revenue of $52.14 million during the quarter. As a group, analysts expect that Public Policy Holding Company, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Public Policy

A hedge fund recently bought a new stake in Public Policy stock. Ancora Advisors LLC acquired a new stake in shares of Public Policy Holding Company, Inc. (NASDAQ:PPHC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,228 shares of the company’s stock, valued at approximately $1,869,000. Ancora Advisors LLC owned approximately 0.83% of Public Policy as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently commented on PPHC shares. Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 price objective on shares of Public Policy in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Public Policy from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.