Public Policy (NASDAQ:PPHC) Stock Price Down 0.4% – Here’s What Happened

Public Policy Holding Company, Inc. (NASDAQ:PPHC)’s stock price traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as $13.08 and last traded at $13.40. 55,489 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 122,600 shares. The stock had previously closed at $13.46.

Analysts Set New Price Targets

PPHC has been the topic of several analyst reports. Zacks Research upgraded Public Policy to a “hold” rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of Public Policy to a “hold” rating in a report on Friday, February 6th. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price objective on shares of Public Policy in a research report on Tuesday, March 24th. Oppenheimer started coverage on shares of Public Policy in a report on Monday, February 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Weiss Ratings started coverage on shares of Public Policy in a research note on Friday, April 24th. They issued a “sell (e)” rating for the company. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Public Policy has a consensus rating of “Hold” and an average target price of $17.00.

Public Policy Price Performance

The firm has a 50-day moving average price of $13.19.

Public Policy (NASDAQ:PPHC) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $49.90 million.

Public Policy Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 24th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a dividend yield of 342.0%.

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.