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

Conn’s, Inc. (NASDAQ:CONN) Director Douglas H. Martin acquired 4,000 shares of Conn’s stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price 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 in the company, valued at approximately $196,384.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Conn’s Price Performance

Shares of CONN opened at $3.82 on Thursday. Conn’s, Inc. has a twelve month low of $2.55 and a twelve month high of $5.26. The firm’s fifty day simple moving average is $3.68 and its 200-day simple moving average is $3.77. The firm has a market capitalization of $95.08 million, a price-to-earnings ratio of -1.19 and a beta of 2.42. The company has a current ratio of 2.58, a quick ratio of 1.87 and a debt-to-equity ratio of 1.93.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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 hedge funds and other institutional investors have recently modified their holdings of CONN. Assenagon Asset Management S.A. purchased a new position in shares of Conn’s in the 4th quarter valued at $256,000. Acadian Asset Management LLC grew its position in shares of Conn’s by 55.1% in the 3rd 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. Corsair Capital Management L.P. purchased a new position in shares of Conn’s in the 4th quarter valued at $82,000. Finally, AM Investment Strategies LLC grew its position in shares of Conn’s by 20.0% in the 4th 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. 55.00% of the stock is currently owned by institutional investors and hedge funds.

About Conn’s

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.