Short Interest in ICC Holdings, Inc. (NASDAQ:ICCH) Decreases By 41.2%

ICC Holdings, Inc. (NASDAQ:ICCH) saw a significant decrease in short interest in August. As of August 15th, there was short interest totalling 2,000 shares, a decrease of 41.2% from the July 31st total of 3,400 shares. Based on an average daily trading volume, of 17,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

ICC Stock Down 0.2 %

ICC stock opened at $22.92 on Friday. The firm has a market cap of $72.04 million, a PE ratio of 13.33 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 twelve month low of $14.78 and a twelve month high of $23.00. The firm’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $18.52.

Insider Buying and Selling at ICC

In related news, CFO Michael R. Smith bought 3,500 shares of ICC stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $22.30 per share, with a total value of $78,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,500 shares in the company, valued at approximately $78,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ICC news, CFO Michael R. Smith bought 3,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 3,500 shares in the company, valued at approximately $78,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Arron K. Sutherland acquired 4,975 shares of ICC stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $22.30 per share, with a total value of $110,942.50. Following the completion of the purchase, the chief executive officer now owns 4,969 shares in the company, valued at approximately $110,808.70. The disclosure for this purchase can be found here. 24.10% of the stock is owned by corporate insiders.

Institutional Trading of ICC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwest Bank & Trust Co acquired a new position in ICC during the 4th quarter valued at about $41,000. Bank of Montreal Can bought a new stake in shares of ICC during the second quarter worth approximately $532,000. Skandinaviska Enskilda Banken AB publ acquired a new position in ICC in the second quarter valued at approximately $679,000. Gabelli Funds LLC bought a new position in ICC in the second quarter valued at approximately $1,149,000. Finally, Gardner Lewis Asset Management L P acquired a new stake in ICC during the 2nd quarter worth $2,594,000. 46.50% of the stock is currently owned by institutional investors and hedge funds.

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.