Public Policy (NASDAQ:PPHC) Director Sells $12,958.20 in Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) Director Keenan Nealean Austin sold 1,252 shares of Public Policy stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.35, for a total value of $12,958.20. Following the completion of the sale, the director owned 72,060 shares in the company, valued at approximately $745,821. This trade represents a 1.71% 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.

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

• On Wednesday, June 10th, Keenan Nealean Austin sold 468 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total value of $4,768.92.

Public Policy Stock Performance

Public Policy stock opened at $10.51 on Monday. Public Policy Holding Company, Inc. has a 1-year low of $9.81 and a 1-year high of $15.15. The company has a 50 day simple moving average of $12.44.

Public Policy (NASDAQ:PPHC) last posted its quarterly earnings results on Monday, March 23rd. The company reported $0.07 earnings per share 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 company also recently disclosed a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a yield of 342.0%.

Wall Street Analysts Forecast Growth

Several equities analysts 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 for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Public Policy in a report on Tuesday, March 24th. Zacks Research raised Public Policy to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Public Policy currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Trending Headlines about 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.