ICC Holdings Inc (NASDAQ:ICCH) Sees Large Growth in Short Interest

ICC Holdings Inc (NASDAQ:ICCH) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 400 shares, an increase of 33.3% from the October 31st total of 300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 0.3 days.

In other news, CFO Michael R. Smith bought 9,971 shares of the stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $14.00 per share, with a total value of $139,594.00. 22.50% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in ICC stock. United Capital Financial Advisers LLC bought a new position in ICC Holdings Inc (NASDAQ:ICCH) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $277,000. United Capital Financial Advisers LLC owned approximately 0.61% of ICC as of its most recent SEC filing. 12.56% of the stock is currently owned by institutional investors.

Shares of ICCH opened at $13.54 on Friday. ICC has a 12-month low of $12.75 and a 12-month high of $15.02. The business has a 50-day simple moving average of $13.63 and a two-hundred day simple moving average of $13.84. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The stock has a market cap of $44.68 million, a PE ratio of 28.77 and a beta of 0.11.

Separately, ValuEngine raised ICC from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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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