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

Equities research analysts at StockNews.com started coverage on shares of Conn’s (NASDAQ:CONN) in a research report issued on Tuesday. The brokerage set a “hold” rating on the specialty retailer’s stock.

Conn’s Stock Performance

The company’s 50 day simple moving average is $0.20 and its 200 day simple moving average is $2.07. The firm has a market cap of $373,000.00, a PE ratio of 0.00 and a beta of 2.22. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58. Conn’s has a 12 month low of $0.10 and a 12 month high of $5.19.

Hedge Funds Weigh In On Conn’s

Institutional investors and hedge funds have recently modified their holdings of the stock. Equitec Proprietary Markets LLC lifted 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 valued at $42,000 after purchasing an additional 8,142 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in Conn’s in the first quarter valued at $43,000. Corsair Capital Management L.P. acquired a new position in shares of Conn’s in the fourth quarter worth about $82,000. Quadrature Capital Ltd purchased a new stake in shares of Conn’s during the 1st quarter worth about $144,000. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in shares of Conn’s during the 2nd quarter valued at about $149,000. Institutional investors and hedge funds own 55.00% of the company’s stock.

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.