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

ICC Holdings, Inc. (NASDAQ:ICCH) was the target of a large decrease in short interest in 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. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

ICC Price Performance

NASDAQ ICCH traded up $0.14 on Tuesday, hitting $23.00. 4,162 shares of the company were exchanged, compared to its average volume of 4,155. The firm has a 50 day moving average of $23.17 and a two-hundred day moving average of $23.10. The company has a market cap of $72.18 million, a P/E ratio of 10.36 and a beta of 0.31. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. ICC has a 1-year low of $14.96 and a 1-year high of $23.96.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICCH. Geode Capital Management LLC lifted its position in ICC by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 13,728 shares of the company’s stock worth $315,000 after buying an additional 2,200 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in ICC during the 3rd quarter valued at about $3,497,000. Gardner Lewis Asset Management L P lifted its position in ICC by 17.9% during 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 purchasing an additional 25,006 shares during the period. Gabelli Funds LLC lifted its position in ICC by 7.9% during 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, Cigogne Management SA acquired a new position in ICC during the 4th quarter valued at about $1,721,000. Institutional investors and hedge funds 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.