GAMMA Investing LLC Has $11.05 Million Stake in ICF International, Inc. (NASDAQ:ICFI)

GAMMA Investing LLC grew its position in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 23,974.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,000 shares of the business services provider's stock after purchasing an additional 12,946 shares during the period. GAMMA Investing LLC owned about 0.07% of ICF International worth $11,050,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock worth $131,000 after buying an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in ICF International during the 4th quarter worth about $149,000. Cibc World Markets Corp acquired a new position in ICF International during the 4th quarter worth about $208,000. Ethic Inc. acquired a new position in ICF International during the 4th quarter worth about $292,000. Finally, Millstone Evans Group LLC acquired a new position in ICF International during the 4th quarter worth about $447,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Transactions at ICF International

In other news, Director Randall Mehl bought 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of $84.40 per share, with a total value of $168,800.00. Following the completion of the purchase, the director now owns 17,754 shares of the company's stock, valued at $1,498,437.60. This represents a 12.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott B. Salmirs acquired 1,250 shares of ICF International stock in a transaction on Friday, June 6th. The shares were bought at an average cost of $83.98 per share, with a total value of $104,975.00. Following the completion of the transaction, the director now owns 7,653 shares of the company's stock, valued at approximately $642,698.94. This trade represents a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.48% of the company's stock.

ICF International Trading Up 0.7%

Shares of ICFI stock traded up $0.56 on Wednesday, reaching $86.26. The company had a trading volume of 211,731 shares, compared to its average volume of 199,039. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.59 billion, a PE ratio of 15.16 and a beta of 0.51. The company has a 50-day moving average of $84.51 and a 200-day moving average of $101.87. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $487.62 million during the quarter, compared to analysts' expectations of $487.28 million. During the same period in the prior year, the business earned $1.77 EPS. ICF International's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.65%. ICF International's dividend payout ratio is currently 9.61%.

Wall Street Analyst Weigh In

ICFI has been the topic of several research reports. Canaccord Genuity Group reduced their price target on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barrington Research restated an "outperform" rating and set a $102.00 target price on shares of ICF International in a research report on Wednesday. Truist Financial cut their target price on shares of ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded shares of ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.20.

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.