58.6% Stake of Connecture Inc (CNXR) Maintained by Francisco Partners Iv, L.P.

Francisco Partners Iv, L.P.

stated that they own 58.6% of Connecture Inc (OTCMKTS:CNXR) in a Form 13D/A disclosure that was filed with the SEC on Thursday, January 4th. The investor owns 27,682,731 shares of the stock valued at $4,429,237. The reporting parties listed on the disclosure included Francisco Partners IV, LP, Francisco Partners IVA, LP, Francisco Partners GP IV, LP and Francisco Partners GP IV Management Limited. The filing is available through EDGAR at this hyperlink.

Francisco Partners Iv, L.P.

provided the following explanation of their ownership:

CNXR has been the topic of several analyst reports. ValuEngine upgraded Connecture from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Connecture from a “sell” rating to a “hold” rating in a research note on Monday, October 16th.

Connecture Inc (CNXR) remained flat at $$0.16 during trading hours on Thursday. 114,668 shares of the company’s stock were exchanged, compared to its average volume of 92,344. The stock has a market cap of $4.35, a PE ratio of -0.17 and a beta of 1.93. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of -0.41. Connecture Inc has a fifty-two week low of $0.10 and a fifty-two week high of $2.44.

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Connecture Company Profile

Connecture, Inc provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange.

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