Conn’s (NASDAQ:CONN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Conn’s (NASDAQ:CONN) in a research report released on Friday. The brokerage issued a hold rating on the specialty retailer’s stock.

Conn’s Stock Performance

Shares of CONN stock opened at $0.02 on Friday. The company has a market cap of $522,606.00, a PE ratio of -0.01 and a beta of 2.22. The company has a current ratio of 2.58, a quick ratio of 1.87 and a debt-to-equity ratio of 1.93. Conn’s has a 12-month low of $0.10 and a 12-month high of $5.19. The business’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $2.72.

Institutional Investors Weigh In On Conn’s

Large investors have recently made changes to their positions in the stock. Equitec Proprietary Markets LLC grew its holdings in shares of Conn’s by 180.9% during the first quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock valued at $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 in the first quarter valued at $43,000. Corsair Capital Management L.P. purchased a new stake in Conn’s in the fourth quarter valued at $82,000. Quadrature Capital Ltd purchased a new stake in Conn’s in the first quarter valued at $144,000. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in Conn’s in the second quarter valued at $149,000. 55.00% of the stock is owned by hedge funds and other 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.