Insider Selling: Public Policy (NASDAQ:PPHC) EVP Sells 1,500 Shares of Stock

Key Points

• Executive sale: EVP Ronald Jr. Starzman sold 1,500 Public Policy shares for approximately $16,410, reducing his direct holdings by 2.06% to 71,390 shares.
• Stock and financial performance: PPHC shares fell 1.2% to $10.96, while the company reported quarterly revenue of $52.14 million and earnings of $0.34 per share. Analysts expect full-year earnings of $0.50 per share.
• Investor sentiment: Ancora Advisors acquired 252,228 shares, while analysts maintain a consensus “Hold” rating with an average price target of $17.00; Canaccord Genuity remains bullish with an $18.00 target.

Public Policy Holding Company, Inc. (NASDAQ:PPHC - Get Free Report) EVP Ronald Jr. Starzman sold 1,500 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $10.94, for a total value of $16,410.00. Following the transaction, the executive vice president directly owned 71,390 shares in the company, valued at approximately $781,006.60. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Public Policy Stock Down 1.2%

PPHC stock traded down $0.13 during trading on Tuesday, hitting $10.96. The company had a trading volume of 126,506 shares, compared to its average volume of 118,283. The company has a 50-day simple moving average of $9.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $331.21 million and a price-to-earnings ratio of 99.64. 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 earnings per share for the quarter. Public Policy had a negative return on equity of 0.26% and a negative net margin of 18.85%.The company had revenue of $52.14 million during the quarter. Sell-side analysts anticipate that Public Policy Holding Company, Inc. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Public Policy

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings raised Public Policy from a "sell (e-)" rating to a "sell (e)" rating in a report on Wednesday, July 1st. Canaccord Genuity Group reissued a "buy" rating and issued a $18.00 price objective on shares of Public Policy in a research note on Wednesday, July 8th. Two 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.

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