Insider Selling: Public Policy (NASDAQ:PPHC) Insider Sells 1,115 Shares of Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Thomas Edward Gensemer sold 1,115 shares of Public Policy stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.35, for a total transaction of $11,540.25. Following the sale, the insider owned 62,717 shares of the company’s stock, valued at approximately $649,120.95. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Thomas Edward Gensemer also recently made the following trade(s):

• On Wednesday, June 10th, Thomas Edward Gensemer sold 416 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total transaction of $4,239.04.

Public Policy Stock Performance

PPHC stock traded down $0.01 during midday trading on Friday, hitting $10.51. The stock had a trading volume of 76,180 shares, compared to its average volume of 118,132. The business has a 50-day moving average price of $12.44. Public Policy Holding Company, Inc. has a 12-month low of $9.81 and a 12-month high of $15.15.

Public Policy (NASDAQ:PPHC) last issued its quarterly 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 business had revenue of $49.90 million during the quarter, compared to the consensus estimate of $49.90 million.

Public Policy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded 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 report on Monday, February 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Public Policy in a research report on Tuesday, March 24th. Finally, Zacks Research raised Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Public Policy has a consensus rating of “Hold” and a consensus target price 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.