ICF International, Inc. (NASDAQ:ICFI) Sees Significant Growth in Short Interest

ICF International, Inc. (NASDAQ:ICFI) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 771,200 shares, a growth of 10.6% from the December 15th total of 697,600 shares. Based on an average daily trading volume, of 186,300 shares, the short-interest ratio is currently 4.1 days. Approximately 4.2% of the company’s shares are sold short.

Insider Buying and Selling at ICF International

In related news, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors and hedge funds have recently bought and sold shares of ICFI. Farther Finance Advisors LLC lifted its position in shares of ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares in the last quarter. SG Americas Securities LLC increased its stake in ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after buying an additional 339 shares during the last quarter. Marshall Wace LLP bought a new position in shares of ICF International during the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC purchased a new position in shares of ICF International in the 3rd quarter worth approximately $342,000. Finally, Martingale Asset Management L P boosted its stake in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Stock Up 0.1 %

Shares of NASDAQ:ICFI traded up $0.14 during trading on Friday, reaching $129.44. 127,323 shares of the stock were exchanged, compared to its average volume of 162,439. ICF International has a 1-year low of $114.99 and a 1-year high of $179.67. The stock has a fifty day moving average of $130.15 and a two-hundred day moving average of $148.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 22.75 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 earnings per share. Research analysts anticipate that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ICFI shares. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. D. Boral Capital restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Monday, December 16th. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and a consensus target price of $168.60.

About ICF International

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.