Insider Buying: Conn’s, Inc. (NASDAQ:CONN) Director Purchases 4,000 Shares of Stock

Conn’s, Inc. (NASDAQ:CONN) Director Douglas H. Martin bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average price of $3.70 per share, with a total value of $14,800.00. Following the completion of the purchase, the director now directly owns 53,077 shares of the company’s stock, valued at approximately $196,384.90. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Conn’s Stock Performance

Shares of NASDAQ:CONN opened at $3.70 on Wednesday. The business’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $3.77. Conn’s, Inc. has a fifty-two week low of $2.55 and a fifty-two week high of $5.26. The stock has a market capitalization of $92.09 million, a price-to-earnings ratio of -1.15 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.

Institutional Trading of Conn’s

A number of large investors have recently bought and sold shares of the stock. Corsair Capital Management L.P. bought a new stake in Conn’s in the fourth quarter valued at $82,000. AM Investment Strategies LLC grew its position in Conn’s by 20.0% in the fourth quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock valued at $533,000 after acquiring an additional 20,000 shares during the period. Acadian Asset Management LLC grew its position in Conn’s by 55.1% in the third quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer’s stock valued at $505,000 after acquiring an additional 45,593 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Conn’s in the fourth quarter valued at $256,000. 55.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

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.