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 sent to investors on Thursday. The brokerage issued a hold rating on the specialty retailer’s stock.

Conn’s Trading Down 46.4 %

Conn’s stock opened at $0.10 on Thursday. The stock has a market cap of $2.43 million, a P/E ratio of -0.01 and a beta of 2.22. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87. Conn’s has a 1 year low of $0.10 and a 1 year high of $5.19. The firm’s 50 day moving average price is $1.24 and its 200-day moving average price is $2.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CONN. Legacy Capital Wealth Partners LLC bought a new stake in shares of Conn’s during the second quarter worth $149,000. Quadrature Capital Ltd purchased a new stake in shares of Conn’s during the first quarter worth about $144,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Conn’s during the first quarter worth about $43,000. Equitec Proprietary Markets LLC grew its stake 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 worth $42,000 after acquiring an additional 8,142 shares during the last quarter. Finally, Corsair Capital Management L.P. purchased a new stake in Conn’s in the fourth quarter valued at approximately $82,000. 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.