Public Policy (NASDAQ:PPHC) Director Keenan Nealean Austin Sells 2,033 Shares of Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) Director Keenan Nealean Austin sold 2,033 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $10.94, for a total value of $22,241.02. Following the transaction, the director directly owned 81,039 shares in the company, valued at approximately $886,566.66. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Keenan Nealean Austin also recently made the following trade(s):

• On Thursday, June 11th, Keenan Nealean Austin sold 1,252 shares of Public Policy stock. The shares were sold at an average price of $10.35, for a total value of $12,958.20.
• 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 Price Performance

Shares of NASDAQ:PPHC opened at $10.96 on Wednesday. The stock has a market capitalization of $331.21 million and a price-to-earnings ratio of 99.64. Public Policy Holding Company, Inc. has a 1 year low of $7.01 and a 1 year high of $15.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s 50-day simple moving average is $9.38.

Public Policy (NASDAQ:PPHC) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 EPS for the quarter. The business had revenue of $52.14 million during the quarter. Public Policy had a negative net margin of 18.85% and a negative return on equity of 0.26%. Analysts expect that Public Policy Holding Company, Inc. will post 0.5 EPS for the current fiscal year.

Key Public Policy News

Here are the key news stories impacting Public Policy this week:

• Neutral Sentiment: Reported short interest was listed at zero shares as of August 25, unchanged from the prior report, with a days-to-cover ratio of zero. However, the figures appear incomplete or erroneous because the reported percentage change was “NaN,” limiting their usefulness as a trading signal.
• Negative Sentiment: Five company insiders sold a combined 8,829 shares for approximately $96,589 at an average price of $10.94. The sellers included CFO Roeland Jozef Bernard Smits, EVP Ronald J. Jr. Starzman, director Keenan Nealean Austin, and insiders Thomas Edward Gensemer and Neal Howard Strum. Each seller reduced their individual holdings by roughly 1.1% to 2.5%, which can create near-term selling pressure and raise investor concerns about insider sentiment. The SEC filings disclose the transactions: Insider sale filing Executive sale filing CFO sale filing Insider sale filing Director sale filing

Institutional Trading of Public Policy

A hedge fund recently bought a new stake in Public Policy stock. Ancora Advisors LLC purchased a new position in Public Policy Holding Company, Inc. (NASDAQ:PPHC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 252,228 shares of the company’s stock, valued at approximately $1,869,000. Ancora Advisors LLC owned about 0.83% of Public Policy as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PPHC shares. Weiss Ratings upgraded shares of Public Policy from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Public Policy in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.00.

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.