Public Policy (NASDAQ:PPHC) Stock Price Down 0.6% – Should You Sell?

Public Policy Holding Company, Inc. (NASDAQ:PPHC) shares fell 0.6% during trading on Thursday . The stock traded as low as $11.34 and last traded at $11.64. 88,829 shares changed hands during trading, a decline of 24% from the average session volume of 116,640 shares. The stock had previously closed at $11.71.

Analysts Set New Price Targets

PPHC has been the topic of several analyst reports. Zacks Research upgraded Public Policy to a “hold” rating in a research note on Tuesday, February 24th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Public Policy in a report on Tuesday, March 24th. Oppenheimer initiated coverage on shares of Public Policy in a research report on Monday, February 23rd. They issued an “outperform” rating and a $16.00 price objective on the stock. Wall Street Zen upgraded shares of Public Policy to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings began coverage on shares of Public Policy in a report on Friday, April 24th. They issued a “sell (e)” rating on the stock. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.00.

Public Policy Stock Performance

The firm’s 50-day moving average is $12.98.

Public Policy (NASDAQ:PPHC) last issued its quarterly earnings data on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.07). The company had revenue of $49.90 million during the quarter, compared to analysts’ expectations of $49.90 million.

Public Policy Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a yield of 342.0%.

About Public Policy

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.