Short Interest in ICC Holdings, Inc. (NASDAQ:ICCH) Expands By 9.2%

ICC Holdings, Inc. (NASDAQ:ICCH) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 10,700 shares, a growth of 9.2% from the May 31st total of 9,800 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 15,500 shares, the short-interest ratio is presently 0.7 days.

ICC Stock Performance

Shares of NASDAQ ICCH remained flat at $22.65 during trading on Wednesday. The stock had a trading volume of 95 shares, compared to its average volume of 50,044. The company has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $16.39. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.22. ICC has a 1 year low of $14.78 and a 1 year high of $22.89. The company has a market capitalization of $71.19 million, a price-to-earnings ratio of 13.17 and a beta of 0.32.

ICC (NASDAQ:ICCH) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.75 EPS for the quarter. ICC had a return on equity of 7.91% and a net margin of 5.91%. The firm had revenue of $23.08 million for the quarter.

Insider Activity at ICC

In other ICC news, CEO Arron K. Sutherland acquired 4,975 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average cost of $22.30 per share, with a total value of $110,942.50. Following the completion of the transaction, the chief executive officer now directly owns 4,969 shares of the company’s stock, valued at approximately $110,808.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Michael R. Smith bought 3,500 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $22.30 per share, with a total value of $78,050.00. Following the completion of the transaction, the chief financial officer now owns 3,500 shares of the company’s stock, valued at approximately $78,050. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Arron K. Sutherland bought 4,975 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average cost of $22.30 per share, for a total transaction of $110,942.50. Following the completion of the transaction, the chief executive officer now directly owns 4,969 shares of the company’s stock, valued at approximately $110,808.70. The disclosure for this purchase can be found here. 25.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ICC stock. Northwest Bank & Trust Co acquired a new position in ICC Holdings, Inc. (NASDAQ:ICCH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,650 shares of the company’s stock, valued at approximately $41,000. Northwest Bank & Trust Co owned 0.08% of ICC as of its most recent SEC filing. Institutional investors own 46.50% of the company’s stock.

About ICC

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.