Neal Howard Strum Sells 2,007 Shares of Public Policy (NASDAQ:PPHC) Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Neal Howard Strum sold 2,007 shares of Public Policy stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.35, for a total transaction of $20,772.45. Following the transaction, the insider owned 58,820 shares in the company, valued at approximately $608,787. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Neal Howard Strum also recently made the following trade(s):

• On Wednesday, June 10th, Neal Howard Strum sold 749 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total transaction of $7,632.31.

Public Policy Stock Down 0.1%

Shares of NASDAQ:PPHC traded down $0.01 during trading on Friday, reaching $10.51. 76,180 shares of the company traded hands, compared to its average volume of 118,132. Public Policy Holding Company, Inc. has a 1-year low of $9.81 and a 1-year high of $15.15. The company has a fifty day simple moving average of $12.44.

Public Policy (NASDAQ:PPHC) last released its quarterly earnings data on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.07). The company had revenue of $49.90 million for the quarter, compared to analyst estimates of $49.90 million.

Public Policy Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were paid a $0.24 dividend. This represents a dividend 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.

Analyst Ratings Changes

PPHC has been the topic of several recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $18.00 target price on shares of Public Policy in a report on Tuesday, March 24th. Oppenheimer initiated coverage on shares of Public Policy in a report on Monday, February 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Weiss Ratings downgraded shares of Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Public Policy to a “hold” rating in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Public Policy 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.