Insider Selling: ICG Group CFO Unloads 5,000 Shares of Stock (ICGE)
ICG Group (NASDAQ:ICGE) CFO Raymond Kirk Morgan sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $17.92, for a total value of $89,600.00. Following the sale, the chief financial officer now directly owns 236,021 shares in the company, valued at approximately $4,229,496. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Barrington Research initiated coverage on shares of ICG Group in a research note on Thursday, June 12th. They set an “outperform” rating and a $25.00 price target on the stock.
ICG Group (NASDAQ:ICGE) traded down 0.77% on Monday, hitting $17.96. The stock had a trading volume of 49,574 shares. ICG Group has a 52-week low of $12.15 and a 52-week high of $22.73. The stock’s 50-day moving average is $17.96 and its 200-day moving average is $19.62. The company has a market cap of $671.0 million and a price-to-earnings ratio of 3.84.
ICG Group (NASDAQ:ICGE) last announced its earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $19.00 million for the quarter, compared to the consensus estimate of $18.86 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 40.7% on a year-over-year basis. Analysts expect that ICG Group will post $-0.39 EPS for the current fiscal year.
ICG Group, Inc (NASDAQ:ICGE), formerly Internet Capital Group, Inc, acquires and builds Internet software and services companies.
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