ICC Holdings, Inc. (NASDAQ:ICCH) Sees Significant Decline in Short Interest

ICC Holdings, Inc. (NASDAQ:ICCH) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,400 shares, a decrease of 20.9% from the January 31st total of 4,300 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 0.7 days.

ICC Trading Up 0.6 %

Shares of ICCH stock traded up $0.14 on Tuesday, reaching $23.00. The company had a trading volume of 4,162 shares, compared to its average volume of 4,155. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The stock has a market cap of $72.18 million, a PE ratio of 10.36 and a beta of 0.31. The company has a 50-day moving average of $23.17 and a 200-day moving average of $23.10. ICC has a 12 month low of $14.96 and a 12 month high of $23.96.

ICC (NASDAQ:ICCH) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.54 EPS for the quarter. The company had revenue of $23.94 million during the quarter. ICC had a return on equity of 9.58% and a net margin of 7.13%.

Institutional Trading of ICC

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gardner Lewis Asset Management L P increased its stake in shares of ICC by 17.9% in the 4th quarter. Gardner Lewis Asset Management L P now owns 164,866 shares of the company’s stock valued at $3,838,000 after acquiring an additional 25,006 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of ICC in the 3rd quarter valued at about $3,497,000. Cigogne Management SA bought a new stake in shares of ICC in the 4th quarter valued at about $1,721,000. Gabelli Funds LLC increased its stake in ICC by 7.9% during the 4th quarter. Gabelli Funds LLC now owns 54,775 shares of the company’s stock worth $1,275,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Credit Industriel ET Commercial bought a new stake in ICC during the 4th quarter worth approximately $721,000. 46.50% of the stock is owned by institutional investors.

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.