Public Policy (NASDAQ:PPHC) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen downgraded shares of Public Policy (NASDAQ:PPHC) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised Public Policy from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.00.

Public Policy Price Performance

NASDAQ PPHC traded down $0.31 on Friday, hitting $10.39. The stock had a trading volume of 154,539 shares, compared to its average volume of 110,122. Public Policy has a 52-week low of $7.01 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.60 and a current ratio of 1.17. The company has a market capitalization of $317.73 million and a price-to-earnings ratio of -6.70. The firm has a 50-day moving average of $10.91 and a 200-day moving average of $11.24.

Public Policy (NASDAQ:PPHC) last released its quarterly earnings results on Monday, November 9th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.22. The firm had revenue of $55.21 million during the quarter. Public Policy had a negative net margin of 14.56% and a positive return on equity of 10.37%. Equities analysts expect that Public Policy will post 0.50 EPS for the current year.

Public Policy Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, October 23rd. Investors of record on Friday, September 25th were given a $0.1170 dividend. The ex-dividend date was Friday, September 25th. This represents a yield of 212.0%. Public Policy’s payout ratio is -14.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Public Policy during the third quarter valued at about $152,000. State Street Corp lifted its stake in Public Policy by 255.2% during the third quarter. State Street Corp now owns 179,712 shares of the company’s stock worth $1,855,000 after purchasing an additional 129,112 shares during the last quarter. Boston Partners boosted its holdings in shares of Public Policy by 19.2% in the 3rd quarter. Boston Partners now owns 116,315 shares of the company’s stock worth $1,092,000 after purchasing an additional 18,721 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Public Policy by 15.5% in the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the company’s stock worth $12,034,000 after purchasing an additional 158,540 shares in the last quarter. Finally, Graham Capital Wealth Management LLC increased its position in shares of Public Policy by 4.7% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 295,485 shares of the company’s stock valued at $3,017,000 after purchasing an additional 13,249 shares during the last quarter.

About Public Policy

Public Policy Holding Company (NASDAQ: PPHC) is a public affairs and strategic communications firm. Through its network of consultancies, it advises organizations on government relations, public policy, communications, and advocacy. Its services include policy and legislative analysis, lobbying, stakeholder engagement, digital advocacy, and strategic communications. The company serves corporate, nonprofit, and trade association clients seeking to understand or influence public policy and communicate with key audiences.