ICC (NASDAQ:ICCH) Shares Down 0.6% – Should You Sell?

ICC Holdings, Inc. (NASDAQ:ICCH) dropped 0.6% during trading on Monday . The stock traded as low as $23.10 and last traded at $23.10. Approximately 959 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 9,794 shares. The stock had previously closed at $23.24.

ICC Trading Down 0.6 %

The firm has a market cap of $72.51 million, a P/E ratio of 10.41 and a beta of 0.32. The business’s 50-day moving average is $23.06 and its two-hundred day moving average is $21.79. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICCH. Geode Capital Management LLC lifted its position in ICC by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 13,728 shares of the company’s stock valued at $315,000 after purchasing an additional 2,200 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of ICC in the second quarter valued at approximately $532,000. Gabelli Funds LLC bought a new stake in shares of ICC during the second quarter valued at approximately $1,149,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of ICC during the second quarter worth approximately $679,000. Finally, Gardner Lewis Asset Management L P bought a new position in ICC in the 2nd quarter worth approximately $2,594,000. 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.