Public Policy Holding Company, Inc. (NASDAQ:PPHC – Get Free Report) insider Johnson Mccallum Green sold 2,298 shares of the company’s stock in a transaction dated 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 directly owned 1,079,269 shares in the company, valued at $11,170,434.15. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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
Shares of NASDAQ PPHC traded down $0.01 on Friday, hitting $10.51. The company’s stock had a trading volume of 76,180 shares, compared to its average volume of 118,132. Public Policy Holding Company, Inc. has a 12-month low of $9.81 and a 12-month high of $15.15. The company has a 50 day simple moving average of $12.44.
Public Policy Dividend Announcement
The firm also recently declared a dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, April 24th were issued a $0.24 dividend. This represents a dividend yield of 342.0%. The ex-dividend date of this dividend was Friday, April 24th.
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.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on PPHC shares. Oppenheimer started coverage on shares of Public Policy in a report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price target for the company. Weiss Ratings downgraded shares of Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, June 2nd. Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 price target on shares of Public Policy in a report on Tuesday, March 24th. Finally, Zacks Research upgraded shares of Public Policy to a “hold” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.00.
View Our Latest Research Report on PPHC
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.
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