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

Public Policy Holding Company, Inc. (NASDAQ:PPHC) Director Keenan Nealean Austin sold 1,252 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.35, for a total value of $12,958.20. Following the completion of the sale, the director directly owned 72,060 shares of the company’s stock, valued at approximately $745,821. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $10.19, for a total value of $4,768.92.

Public Policy Stock Down 0.1%

Shares of NASDAQ PPHC traded down $0.01 during trading hours on Friday, reaching $10.51. The stock had a trading volume of 76,180 shares, compared to its average volume of 118,132. Public Policy Holding Company, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $15.15. The business’s 50-day simple moving average is $12.44.

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

Public Policy Dividend Announcement

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

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

A number of analysts have weighed in on the company. Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Zacks Research raised Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Public Policy in a research report on Tuesday, March 24th. Finally, Oppenheimer assumed coverage on Public Policy in a research report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.