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

ICC Holdings Inc (NASDAQ:ICCH) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,700 shares, a decline of 15.0% from the August 31st total of 2,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 0.8 days.

Large investors have recently made changes to their positions in the business. Minerva Advisors LLC boosted its position in ICC by 10.3% during the 1st quarter. Minerva Advisors LLC now owns 31,642 shares of the company’s stock worth $348,000 after acquiring an additional 2,950 shares during the last quarter. M3F Inc. grew its holdings in shares of ICC by 2.1% during the 1st quarter. M3F Inc. now owns 263,080 shares of the company’s stock worth $2,900,000 after purchasing an additional 5,477 shares in the last quarter. Finally, Stilwell Value LLC grew its holdings in shares of ICC by 70.9% during the 2nd quarter. Stilwell Value LLC now owns 42,719 shares of the company’s stock worth $476,000 after purchasing an additional 17,719 shares in the last quarter. 14.01% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ICCH traded up $0.05 on Thursday, hitting $11.75. 308 shares of the stock were exchanged, compared to its average volume of 2,146. The stock has a market capitalization of $38.59 million, a price-to-earnings ratio of 14.63 and a beta of 0.27. ICC has a 52 week low of $9.60 and a 52 week high of $15.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68. The company’s 50-day moving average price is $11.58 and its 200 day moving average price is $11.10.

ICC (NASDAQ:ICCH) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $14.62 million during the quarter. ICC had a return on equity of 3.66% and a net margin of 4.32%.

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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