ICF International, Inc. (NASDAQ:ICFI) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC raised its position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,711 shares of the business services provider's stock after buying an additional 10,848 shares during the period. ICF International comprises about 1.7% of Tributary Capital Management LLC's investment portfolio, making the stock its 23rd biggest holding. Tributary Capital Management LLC owned approximately 1.21% of ICF International worth $18,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of ICF International in the fourth quarter valued at about $149,000. Cibc World Markets Corp acquired a new stake in ICF International in the 4th quarter valued at $208,000. Ethic Inc. purchased a new stake in ICF International in the 4th quarter valued at about $292,000. Millstone Evans Group LLC acquired a new position in ICF International in the 4th quarter valued at about $447,000. Finally, Martingale Asset Management L P boosted its holdings in ICF International by 103.0% in the fourth quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider's stock valued at $822,000 after purchasing an additional 3,500 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ICF International

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

ICF International Price Performance

NASDAQ:ICFI traded up $0.72 during midday trading on Thursday, hitting $84.69. The company had a trading volume of 195,675 shares, compared to its average volume of 198,967. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.56 billion, a PE ratio of 14.53 and a beta of 0.50. The stock's fifty day moving average price is $86.00 and its 200-day moving average price is $94.37. ICF International, Inc. has a 52-week low of $75.91 and a 52-week high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $487.62 million for the quarter, compared to the consensus estimate of $487.28 million. ICF International had a net margin of 5.45% and a return on equity of 14.84%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. As a group, research analysts expect that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 6th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, June 6th. ICF International's dividend payout ratio (DPR) is presently 9.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their price target on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial dropped their price target on 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, Barrington Research reissued an "outperform" rating and set a $102.00 price objective on shares of ICF International in a report on Wednesday, June 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.20.

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.