Ronald Jr. Starzman Sells 1,541 Shares of Public Policy (NASDAQ:PPHC) Stock

Public Policy Holding Company, Inc. (NASDAQ:PPHC) EVP Ronald Jr. Starzman sold 1,541 shares of Public Policy stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $10.35, for a total transaction of $15,949.35. Following the transaction, the executive vice president owned 52,036 shares in the company, valued at $538,572.60. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Public Policy Stock Performance

Shares of Public Policy stock opened at $10.51 on Friday. The stock’s fifty day simple moving average is $12.44. Public Policy Holding Company, Inc. has a 1-year low of $9.81 and a 1-year high of $15.15.

Public Policy (NASDAQ:PPHC) last released its 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 company had revenue of $49.90 million for the quarter, compared to the consensus estimate of $49.90 million.

Public Policy Announces Dividend

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

Key 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.

Analyst Ratings Changes

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