Public Policy (NASDAQ:PPHC) Insider Johnson Mccallum Green Sells 2,298 Shares

Public Policy Holding Company, Inc. (NASDAQ:PPHC) insider Johnson Mccallum Green sold 2,298 shares of Public Policy stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.35, for a total value of $23,784.30. Following the transaction, the insider owned 1,079,269 shares of the company’s stock, valued at $11,170,434.15. The trade was a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Johnson Mccallum Green also recently made the following trade(s):

• On Wednesday, June 10th, Johnson Mccallum Green sold 859 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total value of $8,753.21.

Public Policy Stock Down 0.1%

NASDAQ PPHC opened at $10.51 on Friday. The company’s 50-day moving average is $12.44. Public Policy Holding Company, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $15.15.

Public Policy (NASDAQ:PPHC) last posted its earnings results on Monday, March 23rd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). The firm had revenue of $49.90 million during the quarter, compared to analysts’ expectations of $49.90 million.

Public Policy Dividend Announcement

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

More Public Policy News

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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PPHC shares. Zacks Research upgraded Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Oppenheimer started coverage on Public Policy in a research report on Monday, February 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $18.00 target price on shares of Public Policy in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a research report on Tuesday, June 2nd. Two 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, Public Policy has an average rating of “Hold” and a consensus target price of $17.00.

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.