Public Policy (NASDAQ:PPHC) Insider Neal Howard Strum 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 on Thursday, June 11th. The stock was sold at an average price of $10.35, for a total transaction of $20,772.45. Following the transaction, the insider owned 58,820 shares in the company, valued at approximately $608,787. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 Price Performance

Shares of PPHC stock opened at $10.51 on Friday. The firm has a 50-day moving average price of $12.44. Public Policy Holding Company, Inc. has a one year low of $9.81 and a one year high of $15.15.

Public Policy (NASDAQ:PPHC) last announced its earnings results on Monday, March 23rd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.07). The firm had revenue of $49.90 million for the quarter, compared to the consensus estimate of $49.90 million.

Public Policy Announces Dividend

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

Public Policy News Summary

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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PPHC. Oppenheimer began coverage on shares of Public Policy in a report on Monday, February 23rd. They issued an “outperform” rating and a $16.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price target on shares of Public Policy in a research report on Tuesday, March 24th. Weiss Ratings lowered shares of Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Two research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

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.