ICC Holdings Inc (NASDAQ:ICCH) Sees Significant Drop in Short Interest

ICC Holdings Inc (NASDAQ:ICCH) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 100 shares, a drop of 50.0% from the August 30th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NASDAQ:ICCH remained flat at $$13.74 during trading on Friday. 100 shares of the stock traded hands, compared to its average volume of 2,161. The company has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $13.92. ICC has a 52-week low of $12.75 and a 52-week high of $15.25. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.06. The firm has a market cap of $45.34 million, a price-to-earnings ratio of 34.35 and a beta of 0.12.

ICC (NASDAQ:ICCH) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.16 earnings per share for the quarter. ICC had a net margin of 2.16% and a return on equity of 1.99%. The firm had revenue of $14.59 million for the quarter.

In other news, Director John R. Klockau sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $13.75, for a total transaction of $27,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael R. Smith purchased 9,971 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $14.00 per share, for a total transaction of $139,594.00. Company insiders own 22.50% of the company’s stock.

An institutional investor recently bought a new position in ICC stock. United Capital Financial Advisers LLC acquired a new position in ICC Holdings Inc (NASDAQ:ICCH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $277,000. United Capital Financial Advisers LLC owned 0.61% of ICC as of its most recent SEC filing. Institutional investors and hedge funds own 11.29% of the company’s stock.

ICC Company Profile

ICC Holdings, Inc, through its subsidiary, Illinois Casualty Company, provides property and casualty insurance products to the food and beverage industry in the United States. The company offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products.

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