Insider Selling: Public Policy (NASDAQ:PPHC) CFO Sells $19,659.18 in Stock

Key Points

• Public Policy CFO Roeland Smits sold 1,797 shares at an average price of $10.94, totaling $19,659.18. He retains 155,262 shares, with the transaction reducing his position by 1.14%.
• PPHC shares traded at $10.96, giving the company a market capitalization of approximately $331 million; the stock has ranged from $7.01 to $15.15 over the past year.
• Analysts have a consensus “Hold” rating and an average price target of $17, while Canaccord Genuity maintains a “Buy” rating with an $18 target. Separately, Ancora Advisors acquired 252,228 shares worth about $1.87 million.

Public Policy Holding Company, Inc. (NASDAQ:PPHC - Get Free Report) CFO Roeland Jozef Bernard Smits sold 1,797 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.94, for a total value of $19,659.18. Following the completion of the transaction, the chief financial officer directly owned 155,262 shares in the company, valued at approximately $1,698,566.28. This trade represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Public Policy Price Performance

Shares of NASDAQ:PPHC traded down $0.13 during midday trading on Tuesday, reaching $10.96. 126,506 shares of the company's stock were exchanged, compared to its average volume of 118,283. The company has a market capitalization of $331.21 million and a PE ratio of 99.64. Public Policy Holding Company, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $15.15. The stock has a 50 day moving average price of $9.36. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PPHC shares. Weiss Ratings upgraded shares of Public Policy from a "sell (e-)" rating to a "sell (e)" rating in a report on Wednesday, July 1st. Canaccord Genuity Group reiterated a "buy" rating and issued a $18.00 target price on shares of Public Policy in a report on Wednesday, July 8th. Two 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.00.

Hedge Funds Weigh In On Public Policy

A hedge fund recently bought a new position in Public Policy stock. Ancora Advisors LLC purchased a new position in shares of Public Policy Holding Company, Inc. (NASDAQ:PPHC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 252,228 shares of the company's stock, valued at approximately $1,869,000. Ancora Advisors LLC owned 0.83% of Public Policy at the end of the most recent reporting period.

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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