Public Policy Holding Company, Inc. (NASDAQ:PPHC – Get Free Report) insider Neal Howard Strum sold 2,007 shares of the firm’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 $20,772.45. Following the sale, the insider owned 58,820 shares of the company’s stock, valued at approximately $608,787. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Neal Howard Strum also recently made the following trade(s):
- On Wednesday, June 10th, Neal Howard Strum sold 749 shares of Public Policy stock. The shares were sold at an average price of $10.19, for a total transaction of $7,632.31.
Public Policy Price Performance
NASDAQ:PPHC opened at $10.51 on Friday. Public Policy Holding Company, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $15.15. The company’s 50-day moving average price is $12.44.
Public Policy Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 24th were paid a $0.24 dividend. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 342.0%.
Key Headlines 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.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PPHC. Zacks Research upgraded shares of Public Policy to a “hold” rating in a research report on Tuesday, February 24th. Oppenheimer began coverage on shares of Public Policy in a report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Weiss Ratings downgraded shares of Public Policy from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, June 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Public Policy in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.00.
Check Out Our Latest Stock Analysis on PPHC
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.
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