ICF International, Inc. (NASDAQ:ICFI) Short Interest Down 35.2% in March

ICF International, Inc. (NASDAQ:ICFI) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 674,200 shares, a decline of 35.2% from the February 28th total of 1,040,000 shares. Based on an average daily volume of 304,300 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.7% of the shares of the stock are sold short.

ICF International Price Performance

NASDAQ ICFI traded down $1.20 on Monday, reaching $84.97. The company had a trading volume of 264,854 shares, compared to its average volume of 170,563. The firm’s 50 day moving average price is $100.86 and its 200 day moving average price is $130.94. ICF International has a 12 month low of $75.91 and a 12 month high of $179.67. The stock has a market capitalization of $1.57 billion, a PE ratio of 14.93 and a beta of 0.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio is presently 9.61%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ICFI shares. D. Boral Capital reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday, December 16th. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price target (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. StockNews.com raised ICF International from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barrington Research dropped their price objective on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

Institutional Trading of ICF International

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in ICF International during the fourth quarter valued at $149,000. Cibc World Markets Corp purchased a new position in shares of ICF International in the 4th quarter worth $208,000. Ethic Inc. bought a new stake in shares of ICF International in the 4th quarter worth about $292,000. Finally, Martingale Asset Management L P raised its position in shares of ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after buying an additional 690 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

ICF International Company Profile

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.