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

ICC Holdings, Inc. (NASDAQ:ICCH) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 10,700 shares, a growth of 9.2% from the May 31st total of 9,800 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is presently 0.7 days.

ICC Stock Performance

NASDAQ:ICCH opened at $22.63 on Tuesday. The stock has a fifty day moving average price of $17.93 and a two-hundred day moving average price of $16.34. The stock has a market capitalization of $71.06 million, a price-to-earnings ratio of 13.16 and a beta of 0.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.08 and a current ratio of 1.08. ICC has a 1 year low of $14.78 and a 1 year high of $22.89.

ICC (NASDAQ:ICCH) last posted its earnings results on Tuesday, May 7th. The company reported $0.75 earnings per share for the quarter. The company had revenue of $23.08 million for the quarter. ICC had a return on equity of 7.91% and a net margin of 5.91%.

Insider Transactions at ICC

In related news, CFO Michael R. Smith purchased 3,500 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average price of $22.30 per share, for a total transaction of $78,050.00. Following the completion of the purchase, the chief financial officer now directly owns 3,500 shares of the company’s stock, valued at $78,050. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other ICC news, CEO Arron K. Sutherland acquired 4,975 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $22.30 per share, for a total transaction of $110,942.50. Following the completion of the transaction, the chief executive officer now owns 4,969 shares of the company’s stock, valued at approximately $110,808.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael R. Smith acquired 3,500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $22.30 per share, with a total value of $78,050.00. Following the transaction, the chief financial officer now directly owns 3,500 shares of the company’s stock, valued at approximately $78,050. The disclosure for this purchase can be found here. Company insiders own 25.80% of the company’s stock.

Institutional Trading of ICC

A hedge fund recently bought a new stake in ICC stock. Northwest Bank & Trust Co bought a new stake in ICC Holdings, Inc. (NASDAQ:ICCH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,650 shares of the company’s stock, valued at approximately $41,000. Northwest Bank & Trust Co owned about 0.08% of ICC as of its most recent filing with the Securities & Exchange Commission. 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.