StockNews.com began coverage on shares of Conn’s (NASDAQ:CONN – Free Report) in a report issued on Wednesday morning. The brokerage issued a hold rating on the specialty retailer’s stock.
Conn’s Trading Down 27.5 %
Shares of CONN stock opened at $0.18 on Wednesday. Conn’s has a 1 year low of $0.18 and a 1 year high of $5.19. The firm has a market capitalization of $4.53 million, a PE ratio of -0.06 and a beta of 2.23. The stock has a fifty day moving average of $1.57 and a two-hundred day moving average of $3.11. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58.
Institutional Trading of Conn’s
A number of hedge funds and other institutional investors have recently made changes to their positions in CONN. Equitec Proprietary Markets LLC raised its holdings in Conn’s by 180.9% during the first quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 8,142 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Conn’s during the first quarter valued at about $43,000. Corsair Capital Management L.P. acquired a new position in Conn’s during the fourth quarter worth about $82,000. Quadrature Capital Ltd bought a new stake in Conn’s in the first quarter worth about $144,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Conn’s in the 4th quarter valued at about $256,000. 55.00% of the stock is currently owned by institutional investors.
About Conn’s
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.
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