Public Policy (NASDAQ:PPHC) EVP Ronald Jr. Starzman Sells 1,541 Shares of Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) EVP Ronald Jr. Starzman sold 1,541 shares of the business’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 $15,949.35. Following the completion of the sale, the executive vice president directly owned 52,036 shares of the company’s stock, valued at $538,572.60. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Public Policy Stock Down 0.1%

Public Policy stock opened at $10.51 on Friday. The stock has a fifty day simple moving average of $12.44. Public Policy Holding Company, Inc. has a twelve month low of $9.81 and a twelve month high of $15.15.

Public Policy (NASDAQ:PPHC) last posted its earnings results on Monday, March 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm also recently declared a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were issued a dividend of $0.24 per share. This represents a yield of 342.0%. The ex-dividend date was Friday, April 24th.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Oppenheimer assumed coverage on Public Policy in a report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Zacks Research upgraded Public Policy to a “hold” rating in a report on Tuesday, February 24th. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price target on shares of Public Policy in a report on Tuesday, March 24th. Finally, Weiss Ratings downgraded Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.00.

Public Policy News Roundup

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.

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.