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

by · The Markets Daily

Public Policy Holding Company, Inc. (NASDAQ:PPHC – Get Free Report) insider Johnson Mccallum Green sold 2,298 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.35, for a total transaction of $23,784.30. Following the completion of the sale, the insider owned 1,079,269 shares of the company’s stock, valued at approximately $11,170,434.15. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $8,753.21.

Public Policy Price Performance

NASDAQ:PPHC traded down $0.01 on Friday, hitting $10.51. 76,180 shares of the stock were exchanged, compared to its average volume of 118,132. Public Policy Holding Company, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $15.15. The business has a fifty day moving average of $12.44.

Public Policy (NASDAQ:PPHC – Get Free Report) 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 business had revenue of $49.90 million for the quarter, compared to the consensus estimate of $49.90 million.

Public Policy Dividend Announcement

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Public Policy

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.

Public Policy Company Profile

(Get Free Report)

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.

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