StockNews.com assumed coverage on shares of Conn’s (NASDAQ:CONN – Free Report) in a research note published on Thursday morning. The firm issued a hold rating on the specialty retailer’s stock.
Conn’s Price Performance
Shares of NASDAQ CONN remained flat at $0.04 during midday trading on Thursday. The stock had a trading volume of 73,683 shares, compared to its average volume of 302,492. Conn’s has a 12 month low of $0.10 and a 12 month high of $5.19. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58. The company’s 50 day simple moving average is $1.31 and its two-hundred day simple moving average is $2.98. The company has a market cap of $871,010.00, a PE ratio of -0.01 and a beta of 2.22.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CONN. Equitec Proprietary Markets LLC grew its stake in shares of Conn’s by 180.9% in the 1st quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after buying an additional 8,142 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Conn’s during the 1st quarter valued at $43,000. Corsair Capital Management L.P. purchased a new stake in Conn’s during the 4th quarter valued at $82,000. Quadrature Capital Ltd purchased a new stake in Conn’s during the 1st quarter valued at $144,000. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in Conn’s during the 2nd quarter valued at $149,000. Hedge funds and other institutional investors own 55.00% of the company’s stock.
Conn’s Company Profile
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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