ICC (NASDAQ:ICCH) Trading Down 0.6% – Here’s What Happened

ICC Holdings, Inc. (NASDAQ:ICCH) shares traded down 0.6% during mid-day trading on Monday . The company traded as low as $23.10 and last traded at $23.10. 959 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 9,794 shares. The stock had previously closed at $23.24.

ICC Stock Performance

The stock has a market cap of $72.51 million, a price-to-earnings ratio of 10.41 and a beta of 0.32. The company’s 50 day simple moving average is $23.06 and its 200 day simple moving average is $21.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04.

Hedge Funds Weigh In On ICC

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in ICC by 19.1% during the third quarter. Geode Capital Management LLC now owns 13,728 shares of the company’s stock worth $315,000 after acquiring an additional 2,200 shares during the period. Bank of Montreal Can acquired a new stake in ICC in the 2nd quarter valued at about $532,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of ICC during the 2nd quarter valued at about $679,000. Gabelli Funds LLC acquired a new position in shares of ICC in the 2nd quarter worth approximately $1,149,000. Finally, Gardner Lewis Asset Management L P bought a new stake in shares of ICC in the 2nd quarter worth approximately $2,594,000. 46.50% of the stock is currently owned by institutional investors and hedge funds.

ICC Company Profile

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.