ICC Holdings Inc (NASDAQ:ICCH) Short Interest Up 400.0% in August

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ICC Holdings Inc (NASDAQ:ICCH) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 500 shares, a growth of 400.0% from the July 31st total of 100 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.7 days.

ICCH stock traded up $0.34 on Wednesday, hitting $14.00. The company’s stock had a trading volume of 10,300 shares, compared to its average volume of 2,201. The firm has a 50 day moving average of $13.85 and a two-hundred day moving average of $13.91. ICC has a 1 year low of $12.75 and a 1 year high of $15.25. The stock has a market cap of $45.14 million, a price-to-earnings ratio of 34.16 and a beta of 0.12. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.06.

ICC (NASDAQ:ICCH) last issued its quarterly earnings results 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 during the quarter.

In other news, Director John R. Klockau sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through the SEC website. 22.50% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in ICC stock. M3F Inc. lifted its holdings in shares of ICC Holdings Inc (NASDAQ:ICCH) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 190,531 shares of the company’s stock after buying an additional 30,833 shares during the period. ICC makes up approximately 2.4% of M3F Inc.’s holdings, making the stock its 18th largest position. M3F Inc. owned approximately 5.76% of ICC worth $2,667,000 as of its most recent filing with the SEC. 11.29% of the stock is owned by institutional investors and hedge funds.

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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