Douglas H. Martin Acquires 4,000 Shares of Conn’s, Inc. (NASDAQ:CONN) Stock

Conn’s, Inc. (NASDAQ:CONN) Director Douglas H. Martin purchased 4,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $14,800.00. Following the completion of the acquisition, the director now directly owns 53,077 shares of the company’s stock, valued at approximately $196,384.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Conn’s Price Performance

Shares of CONN opened at $3.82 on Thursday. The firm has a market capitalization of $95.08 million, a PE ratio of -1.19 and a beta of 2.42. 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, Inc. has a 1-year low of $2.55 and a 1-year high of $5.26. The company’s fifty day moving average price is $3.68 and its 200-day moving average price is $3.77.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Conn’s from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Institutional Investors Weigh In On Conn’s

A number of large investors have recently made changes to their positions in CONN. Acadian Asset Management LLC grew its holdings in shares of Conn’s by 55.1% during the third quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer’s stock valued at $505,000 after buying an additional 45,593 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Conn’s during the fourth quarter valued at $256,000. AM Investment Strategies LLC grew its holdings in shares of Conn’s by 20.0% during the fourth quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock valued at $533,000 after buying an additional 20,000 shares during the last quarter. Finally, Corsair Capital Management L.P. purchased a new stake in shares of Conn’s during the fourth quarter valued at $82,000. 55.00% of the stock is owned by hedge funds and other institutional investors.

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 through 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.