ICF International Inc (NASDAQ:ICFI) Short Interest Up 7.7% in May

ICF International Inc (NASDAQ:ICFI) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 158,600 shares, a growth of 7.7% from the April 30th total of 147,200 shares. Based on an average daily volume of 86,300 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.9% of the company’s shares are sold short.

NASDAQ ICFI traded up $1.12 during trading on Friday, hitting $81.14. The company’s stock had a trading volume of 195,620 shares, compared to its average volume of 123,239. ICF International has a 52 week low of $60.22 and a 52 week high of $82.25. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.92 and a beta of 0.63. The business’s 50 day moving average is $74.67. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.09. ICF International had a return on equity of 11.37% and a net margin of 4.67%. The company had revenue of $341.25 million for the quarter, compared to analyst estimates of $328.54 million. During the same quarter last year, the firm earned $0.77 EPS. ICF International’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts predict that ICF International will post 4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, June 13th. ICF International’s dividend payout ratio is 15.01%.

In other ICF International news, Director Peter M. Schulte sold 1,372 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $72.51, for a total transaction of $99,483.72. Following the completion of the sale, the director now directly owns 230,966 shares in the company, valued at approximately $16,747,344.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter M. Schulte sold 1,244 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.62, for a total value of $91,583.28. Following the sale, the director now directly owns 232,338 shares of the company’s stock, valued at $17,104,723.56. The disclosure for this sale can be found here. Company insiders own 4.67% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ICFI. Meeder Asset Management Inc. boosted its stake in ICF International by 343.0% in the 1st quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,396 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in ICF International by 308.9% in the first quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock worth $161,000 after purchasing an additional 1,597 shares in the last quarter. One Wealth Advisors LLC boosted its stake in ICF International by 6.2% in the fourth quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock worth $282,000 after purchasing an additional 254 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in ICF International by 166.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock worth $309,000 after purchasing an additional 2,539 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in ICF International by 365.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,914 shares of the business services provider’s stock worth $383,000 after purchasing an additional 4,644 shares in the last quarter. 93.12% of the stock is currently owned by institutional investors and hedge funds.

ICFI has been the subject of a number of recent research reports. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 3rd. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Barrington Research reissued an “outperform” rating and issued a $88.00 price objective (up from $86.00) on shares of ICF International in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $84.80.

About ICF International

ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.

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