Short Interest in ICC Holdings, Inc. (NASDAQ:ICCH) Increases By 50.0%

ICC Holdings, Inc. (NASDAQ:ICCH) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 4,200 shares, a growth of 50.0% from the December 15th total of 2,800 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On ICC

Several large investors have recently made changes to their positions in the stock. Gardner Lewis Asset Management L P acquired a new position in ICC during the 2nd quarter worth about $2,594,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in ICC in the second quarter valued at approximately $679,000. Gabelli Funds LLC acquired a new stake in shares of ICC in the 2nd quarter valued at $1,149,000. Bank of Montreal Can acquired a new stake in ICC in the second quarter valued at $532,000. Finally, Geode Capital Management LLC lifted its stake in ICC by 19.1% during the third quarter. Geode Capital Management LLC now owns 13,728 shares of the company’s stock worth $315,000 after purchasing an additional 2,200 shares during the last quarter. 46.50% of the stock is currently owned by institutional investors and hedge funds.

ICC Trading Down 0.2 %

ICCH traded down $0.05 on Friday, hitting $23.25. The company had a trading volume of 7,329 shares, compared to its average volume of 3,970. 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 firm has a market cap of $73.01 million, a P/E ratio of 10.47 and a beta of 0.32. The company’s fifty day moving average price is $23.24 and its 200 day moving average price is $23.00. ICC has a 1 year low of $14.78 and a 1 year high of $23.96.

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.