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

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

ICC Price Performance

Shares of ICCH stock remained flat at $23.49 during midday trading on Friday. ICC has a 12-month low of $14.96 and a 12-month high of $23.96. The firm has a market cap of $73.74 million, a price-to-earnings ratio of 10.58 and a beta of 0.30. The firm’s fifty day moving average is $23.18 and its 200 day moving average is $23.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.

ICC (NASDAQ:ICCH) last released 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gardner Lewis Asset Management L P raised its holdings 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 worth $3,838,000 after purchasing an additional 25,006 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of ICC in the third quarter worth approximately $3,497,000. Cigogne Management SA purchased a new position in shares of ICC in the fourth quarter worth approximately $1,721,000. Gabelli Funds LLC raised its holdings in shares of ICC by 7.9% during the fourth quarter. Gabelli Funds LLC now owns 54,775 shares of the company’s stock valued at $1,275,000 after acquiring an additional 4,000 shares during the period. Finally, Credit Industriel ET Commercial acquired a new stake in shares of ICC during the fourth quarter valued at approximately $721,000. 46.50% of the stock is currently 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.