Ancora Advisors LLC Purchases New Stake in Public Policy Holding Company, Inc. $PPHC

Ancora Advisors LLC acquired a new position in shares of Public Policy Holding Company, Inc. (NASDAQ:PPHC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 252,228 shares of the company's stock, valued at approximately $1,869,000. Ancora Advisors LLC owned about 0.83% of Public Policy as of its most recent filing with the Securities and Exchange Commission (SEC).

Trending Headlines about Public Policy

Here are the key news stories impacting Public Policy this week:

• Positive Sentiment: Ancora Advisors initiated a position of 252,228 shares, worth approximately $1.9 million, during the second quarter. Analysts also remain mixed but generally constructive, with two Buy ratings, one Hold, one Sell, and a consensus price target of $17 versus recent trading levels. Public Policy analyst and institutional ownership information
• Neutral Sentiment: Reported short interest was zero shares as of August 25, unchanged from the prior report, with a days-to-cover ratio of zero. However, the accompanying percentage change was reported as “NaN,” suggesting the data may be incomplete and limiting its value as a market signal. PPHC short interest report
• Negative Sentiment: Five insiders sold a combined 8,829 shares for approximately $96,589 at an average price of $10.94. Sellers included the CFO, an EVP, a director, and two other insiders; each reduced their holdings by roughly 1.1% to 2.5%. While the sales were relatively small compared with their remaining positions, the concentration of insider selling can raise concerns about management confidence and contribute to near-term pressure on PPHC. PPHC insider sales report

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PPHC. Weiss Ratings raised shares of Public Policy from a "sell (e-)" rating to a "sell (e)" rating in a research report on Wednesday, July 1st. Canaccord Genuity Group restated a "buy" rating and set a $18.00 price objective on shares of Public Policy in a research note on Wednesday, July 8th. Two research 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, Public Policy has an average rating of "Hold" and an average target price of $17.00.

Public Policy Stock Performance

PPHC stock opened at $10.64 on Thursday. The firm has a market cap of $321.54 million and a PE ratio of 96.73. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $9.40 and a 200-day moving average price of $11.35. Public Policy Holding Company, Inc. has a 1-year low of $7.01 and a 1-year high of $15.15.

Public Policy (NASDAQ:PPHC - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 EPS for the quarter. Public Policy had a negative net margin of 18.85% and a negative return on equity of 0.26%. The business had revenue of $52.14 million for the quarter. As a group, equities research analysts expect that Public Policy Holding Company, Inc. will post 0.5 earnings per share for the current year.

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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