Conn’s, Inc. (NASDAQ:CONN) Director Purchases $14,800.00 in 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 acquired at an average cost of $3.70 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Conn’s Price Performance

NASDAQ CONN opened at $3.63 on Friday. The stock’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $3.77. The company has a current ratio of 2.58, a quick ratio of 1.87 and a debt-to-equity ratio of 1.93. The company has a market cap of $90.35 million, a PE ratio of -1.13 and a beta of 2.42. Conn’s, Inc. has a 1 year low of $2.55 and a 1 year high of $5.26.

Analyst Upgrades and Downgrades

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

Institutional Trading of Conn’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corsair Capital Management L.P. acquired a new stake in Conn’s during the 4th quarter worth about $82,000. Assenagon Asset Management S.A. acquired a new stake in Conn’s during the 4th quarter worth about $256,000. Acadian Asset Management LLC raised its holdings in Conn’s by 55.1% during the 3rd quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer’s stock worth $505,000 after buying an additional 45,593 shares during the period. Finally, AM Investment Strategies LLC raised its holdings in Conn’s by 20.0% during the 4th quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock worth $533,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 55.00% of the company’s stock.

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.