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

ICC Holdings, Inc. (NASDAQ:ICCH) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,800 shares, an increase of 129.4% from the February 13th total of 3,400 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 1.4 days.

ICC Price Performance

Shares of ICCH remained flat at $23.49 during mid-day trading on Friday. The firm’s 50-day simple moving average is $23.18 and its two-hundred day simple moving average is $23.12. ICC has a twelve month low of $14.96 and a twelve month high of $23.96. The firm has a market capitalization of $73.74 million, a price-to-earnings ratio of 10.58 and a beta of 0.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04.

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

Institutional Trading of ICC

Several large investors have recently modified their holdings of the company. Gardner Lewis Asset Management L P boosted its holdings in shares of ICC by 17.9% during the 4th quarter. Gardner Lewis Asset Management L P now owns 164,866 shares of the company’s stock worth $3,838,000 after buying an additional 25,006 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of ICC during the 3rd quarter worth $3,497,000. Cigogne Management SA bought a new stake in shares of ICC during the 4th quarter worth $1,721,000. Gabelli Funds LLC boosted its holdings in ICC by 7.9% in the 4th quarter. Gabelli Funds LLC now owns 54,775 shares of the company’s stock valued at $1,275,000 after purchasing an additional 4,000 shares during the period. Finally, Credit Industriel ET Commercial bought a new stake in ICC in the 4th quarter valued at $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.