Public Policy (NASDAQ:PPHC) EVP Sells $15,949.35 in Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) EVP Ronald Jr. Starzman sold 1,541 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $10.35, for a total transaction of $15,949.35. Following the transaction, the executive vice president directly owned 52,036 shares in the company, valued at approximately $538,572.60. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Public Policy Stock Down 0.1%

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

Public Policy (NASDAQ:PPHC) last posted its quarterly earnings data on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.07). The business 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 declared a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were given a dividend of $0.24 per share. This represents a dividend yield of 342.0%. The ex-dividend date was Friday, April 24th.

Wall Street Analysts Forecast Growth

PPHC has been the subject of several research reports. Zacks Research upgraded Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 price target on shares of Public Policy in a research report on Tuesday, March 24th. Finally, Oppenheimer started coverage on Public Policy in a research note on Monday, February 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Public Policy News Roundup

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.