ICC Holdings, Inc. (NASDAQ:ICCH) Short Interest Update

ICC Holdings, Inc. (NASDAQ:ICCH) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,400 shares, a growth of 20.0% from the August 15th total of 2,000 shares. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

ICC Stock Performance

ICCH stock traded down $0.08 during trading on Tuesday, hitting $22.90. 952 shares of the company’s stock traded hands, compared to its average volume of 11,611. The stock has a market capitalization of $71.97 million, a price-to-earnings ratio of 13.31 and a beta of 0.32. ICC has a 52 week low of $14.78 and a 52 week high of $23.00. The stock has a fifty day moving average price of $22.77 and a two-hundred day moving average price of $19.19. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.22.

ICC (NASDAQ:ICCH) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.25) earnings per share for the quarter. ICC had a return on equity of 5.78% and a net margin of 4.31%. The business had revenue of $22.18 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwest Bank & Trust Co acquired a new position in ICC during the 4th quarter valued at about $41,000. Bank of Montreal Can bought a new stake in shares of ICC during the second quarter valued at approximately $532,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of ICC during the second quarter worth approximately $679,000. Gabelli Funds LLC bought a new position in ICC in the 2nd quarter worth approximately $1,149,000. Finally, Gardner Lewis Asset Management L P acquired a new stake in ICC in the 2nd quarter valued at approximately $2,594,000. Institutional investors and hedge funds own 46.50% of the company’s stock.

ICC Company Profile

ICC Holdings, Inc, together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin.