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 firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $10.35, for a total value of $12,958.20. Following the completion of the transaction, 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 available through this link.

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 stock was sold at an average price of $10.19, for a total value of $4,768.92.

Public Policy Price Performance

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

Public Policy (NASDAQ:PPHC) last issued 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 company had revenue of $49.90 million during the quarter, compared to analysts’ expectations of $49.90 million.

Public Policy Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on PPHC. Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Oppenheimer assumed coverage on Public Policy in a research note on Monday, February 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 price objective on shares of Public Policy in a research note on Tuesday, March 24th. Finally, Zacks Research upgraded Public Policy to a “hold” rating in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Key Stories Impacting Public Policy

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.

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.