Short Interest in ICF International, Inc. (NASDAQ:ICFI) Drops By 35.2%

ICF International, Inc. (NASDAQ:ICFI) was the target of a significant decline in short interest in the month of 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. Currently, 3.7% of the shares of the stock are sold short. Based on an average trading volume of 304,300 shares, the days-to-cover ratio is currently 2.2 days.

ICF International Price Performance

ICF International stock traded up $0.18 on Friday, reaching $86.17. The company’s stock had a trading volume of 175,698 shares, compared to its average volume of 170,186. The business’s fifty day moving average price is $101.75 and its 200 day moving average price is $131.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 15.14 and a beta of 0.56. ICF International has a twelve month low of $75.91 and a twelve month high of $179.67.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, March 28th. ICF International’s payout ratio is presently 9.61%.

Hedge Funds Weigh In On ICF International

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after acquiring an additional 8,548 shares during the period. Quantbot Technologies LP bought a new position in ICF International in the third quarter valued at about $852,000. Pier Capital LLC bought a new stake in shares of ICF International during the 3rd quarter valued at $6,579,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in ICF International in the third quarter valued at about $734,000. 94.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ICFI. D. Boral Capital restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. StockNews.com raised ICF International from a “hold” rating to a “buy” rating in a research note on Saturday. 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. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $100.00 target price (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and an average target price of $140.20.

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.