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. Approximately 3.7% of the company’s shares are sold short. Based on an average trading volume of 304,300 shares, the days-to-cover ratio is presently 2.2 days.

ICF International Stock Up 0.2 %

Shares of NASDAQ ICFI traded up $0.18 during trading hours on Friday, hitting $86.17. The stock had a trading volume of 175,698 shares, compared to its average volume of 170,186. The company has a market capitalization of $1.59 billion, a P/E ratio of 15.14 and a beta of 0.56. The firm’s 50-day moving average price is $101.75 and its two-hundred 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. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67.

ICF International Dividend Announcement

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

Hedge Funds Weigh In On ICF International

A number of institutional investors have recently made changes to their positions in ICFI. BNP Paribas Financial Markets grew its stake in shares of ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider’s stock worth $10,756,000 after acquiring an additional 72,595 shares during the last quarter. Tudor Investment Corp ET AL grew its position in ICF International by 5,171.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider’s stock worth $8,810,000 after purchasing an additional 72,502 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of ICF International by 2,331.0% during the 4th quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider’s stock worth $7,770,000 after purchasing an additional 62,495 shares during the period. Pier Capital LLC acquired a new position in shares of ICF International during the third quarter valued at about $6,579,000. Finally, Hillsdale Investment Management Inc. increased its stake in ICF International by 76,550.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider’s stock valued at $3,655,000 after acquiring an additional 30,620 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ICFI shares. StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group reiterated a “hold” rating and set a $100.00 price target (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. Barrington Research reduced 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, D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, ICF International currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.20.

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.