Insider Selling: Public Policy (NASDAQ:PPHC) Insider Sells 2,007 Shares of Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Neal Howard Strum sold 2,007 shares of the company’s 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 $20,772.45. Following the completion of the transaction, the insider directly owned 58,820 shares of the company’s stock, valued at approximately $608,787. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Neal Howard Strum also recently made the following trade(s):

• On Wednesday, June 10th, Neal Howard Strum sold 749 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total transaction of $7,632.31.

Public Policy Stock Down 0.1%

NASDAQ PPHC traded down $0.01 on Friday, reaching $10.51. The company’s stock had a trading volume of 76,180 shares, compared to its average volume of 118,132. The company’s 50-day moving average price is $12.44. Public Policy Holding Company, Inc. has a 52 week low of $9.81 and a 52 week high of $15.15.

Public Policy (NASDAQ:PPHC) last posted its 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 for the quarter, compared to analyst estimates of $49.90 million.

Public Policy Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Oppenheimer assumed coverage on Public Policy in a research report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $18.00 price target on shares of Public Policy in a research note on Tuesday, March 24th. Weiss Ratings cut shares of Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research raised shares of Public Policy to a “hold” rating in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.