ICC Holdings, Inc. (NASDAQ:ICCH) Short Interest Up 129.4% in February

ICC Holdings, Inc. (NASDAQ:ICCH) saw a significant growth in short interest in the month of 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. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ICCH. Northern Trust Corp purchased a new stake in shares of ICC during the fourth quarter worth $268,000. Geode Capital Management LLC grew its stake in ICC by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 13,728 shares of the company’s stock valued at $315,000 after acquiring an additional 2,200 shares in the last quarter. CSS LLC IL grew its stake in ICC by 8.7% during the 4th quarter. CSS LLC IL now owns 17,160 shares of the company’s stock valued at $399,000 after acquiring an additional 1,375 shares in the last quarter. Credit Industriel ET Commercial acquired a new stake in ICC in the 4th quarter valued at about $721,000. Finally, Gabelli Funds LLC lifted its stake in ICC by 7.9% in the 4th quarter. Gabelli Funds LLC now owns 54,775 shares of the company’s stock worth $1,275,000 after purchasing an additional 4,000 shares in the last quarter. 46.50% of the stock is owned by institutional investors and hedge funds.

ICC Trading Up 0.0 %

ICCH stock opened at $23.50 on Friday. 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 has a 52-week low of $14.96 and a 52-week high of $23.96. The company’s 50-day simple moving average is $23.18 and its 200-day simple moving average is $23.12. The firm has a market cap of $73.75 million, a P/E ratio of 10.58 and a beta of 0.30.

ICC (NASDAQ:ICCH) last released its 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 business had revenue of $23.94 million during the quarter.

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.