Public Policy (NASDAQ:PPHC) Director Sells $22,241.02 in Stock

Key Points

• Director Keenan Nealean Austin sold 2,033 PPHC shares at an average price of $10.94, generating $22,241.02. His remaining stake fell 2.45% to 81,039 shares.
• PPHC shares traded at $10.96, with a market capitalization of approximately $331.2 million and a 52-week range of $7.01 to $15.15. The company reported quarterly EPS of $0.34 on $52.14 million in revenue.
• Analysts have a consensus “Hold” rating and a $17.00 price target, while Canaccord Genuity maintained a “Buy” rating with an $18.00 target. Ancora Advisors also acquired 252,228 shares, valued at roughly $1.87 million.

Public Policy Holding Company, Inc. (NASDAQ:PPHC - Get Free Report) Director Keenan Nealean Austin sold 2,033 shares of Public Policy stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $10.94, for a total value of $22,241.02. Following the completion of the sale, the director owned 81,039 shares of the company's stock, valued at approximately $886,566.66. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Keenan Nealean Austin also recently made the following trade(s):

• On Thursday, June 11th, Keenan Nealean Austin sold 1,252 shares of Public Policy stock. The shares were sold at an average price of $10.35, for a total value of $12,958.20.
• On Wednesday, June 10th, Keenan Nealean Austin sold 468 shares of Public Policy stock. The stock was sold at an average price of $10.19, for a total value of $4,768.92.

Public Policy Stock Performance

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

Public Policy (NASDAQ:PPHC - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share (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%. As a group, sell-side analysts expect that Public Policy Holding Company, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PPHC has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a "buy" rating and set a $18.00 price objective on shares of Public Policy in a research report on Wednesday, July 8th. Weiss Ratings raised Public Policy from a "sell (e-)" rating to a "sell (e)" rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.00.

Hedge Funds Weigh In On Public Policy

An institutional investor recently bought a new position in Public Policy stock. Ancora Advisors LLC purchased a new stake in Public Policy Holding Company, Inc. (NASDAQ:PPHC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

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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