Public Policy (NASDAQ:PPHC) Insider Thomas Edward Gensemer Sells 1,115 Shares

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

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 value of $4,239.04.

Public Policy Price Performance

Shares of PPHC opened at $10.51 on Friday. The company has a fifty day simple moving average of $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 issued its quarterly earnings results on Monday, March 23rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 company also recently disclosed a dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 24th were issued a dividend of $0.24 per share. This represents a dividend yield of 342.0%. The ex-dividend date was Friday, April 24th.

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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PPHC. Oppenheimer began coverage on Public Policy in a report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Weiss Ratings downgraded Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, June 2nd. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price objective on shares of Public Policy in a report on Tuesday, March 24th. Finally, Zacks Research upgraded 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.