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 transaction of $16,410.00. Following the completion of the sale, the executive vice president directly owned 71,390 shares of the company's stock, valued at approximately $781,006.60. This represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Public Policy Price Performance
Shares of NASDAQ PPHC opened at $10.96 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. Public Policy Holding Company, Inc. has a 1 year low of $7.01 and a 1 year high of $15.15. The company's 50-day moving average is $9.38. The stock has a market capitalization of $331.21 million and a PE ratio of 99.64.
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 business had revenue of $52.14 million for the quarter. Research analysts anticipate that Public Policy Holding Company, Inc. will post 0.5 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on PPHC shares. Weiss Ratings raised Public Policy from a "sell (e-)" rating to a "sell (e)" rating in a research note on Wednesday, July 1st. Canaccord Genuity Group restated a "buy" rating and set a $18.00 target price on shares of Public Policy in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.00.
Check Out Our Latest Report on PPHC
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 position in Public Policy Holding Company, Inc. (NASDAQ:PPHC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 252,228 shares of the company's stock, valued at approximately $1,869,000. Ancora Advisors LLC owned approximately 0.83% of Public Policy at the end of the most recent reporting period.
Trending Headlines about Public Policy
Here are the key news stories impacting Public Policy this week:
- Neutral Sentiment: Reported short interest was listed at zero shares as of August 25, unchanged from the prior report, with a days-to-cover ratio of zero. However, the figures appear incomplete or erroneous because the reported percentage change was “NaN,” limiting their usefulness as a trading signal.
- Negative Sentiment: Five company insiders sold a combined 8,829 shares for approximately $96,589 at an average price of $10.94. The sellers included CFO Roeland Jozef Bernard Smits, EVP Ronald J. Jr. Starzman, director Keenan Nealean Austin, and insiders Thomas Edward Gensemer and Neal Howard Strum. Each seller reduced their individual holdings by roughly 1.1% to 2.5%, which can create near-term selling pressure and raise investor concerns about insider sentiment. The SEC filings disclose the transactions: Insider sale filing Executive sale filing CFO sale filing Insider sale filing Director sale filing
About Public Policy
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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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