Public Policy (NASDAQ:PPHC) Director Keenan Nealean Austin Sells 1,252 Shares

Public Policy Holding Company, Inc. (NASDAQ:PPHC) Director Keenan Nealean Austin sold 1,252 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was 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 of the company’s stock, valued at approximately $745,821. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 stock was sold at an average price of $10.19, for a total value of $4,768.92.

Public Policy Price Performance

NASDAQ PPHC opened at $10.51 on Friday. Public Policy Holding Company, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $15.15. The stock has a 50 day simple moving average of $12.44.

Public Policy (NASDAQ:PPHC) last released its quarterly earnings data 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 business had revenue of $49.90 million during the quarter, compared to analyst estimates of $49.90 million.

Public Policy Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.