Public Policy (NASDAQ:PPHC) Insider Sells $11,540.25 in Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Thomas Edward Gensemer sold 1,115 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.35, for a total transaction of $11,540.25. Following the completion of the transaction, the insider directly owned 62,717 shares of the company’s stock, valued at approximately $649,120.95. The trade was a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Edward Gensemer also recently made the following trade(s):

• On Wednesday, June 10th, Thomas Edward Gensemer sold 416 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total transaction of $4,239.04.

Public Policy Price Performance

Shares of NASDAQ:PPHC opened at $10.51 on Monday. The company has a 50 day moving average of $12.44. Public Policy Holding Company, Inc. has a one year low of $9.81 and a one year high of $15.15.

Public Policy (NASDAQ:PPHC) last issued its quarterly earnings data on Monday, March 23rd. The company reported $0.07 EPS 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 analyst estimates of $49.90 million.

Public Policy Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 22nd. Investors 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 yield of 342.0%.

Wall Street Analyst Weigh In

PPHC has been the subject of several research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $18.00 price objective on shares of Public Policy in a research note on Tuesday, March 24th. Weiss Ratings downgraded shares of Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research note on Tuesday, June 2nd. Oppenheimer began coverage on shares of Public Policy in a research note on Monday, February 23rd. They set an “outperform” rating and a $16.00 price target for the company. Finally, Zacks Research raised shares of Public Policy to a “hold” rating in a research note 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 issued a Sell rating to the stock. According to MarketBeat, Public Policy currently has a consensus rating of “Hold” and a consensus 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.