Nordea Investment Management AB boosted its stake in Conn’s Inc (NASDAQ:CONN) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,376 shares of the specialty retailer’s stock after buying an additional 6,139 shares during the quarter. Nordea Investment Management AB owned approximately 0.44% of Conn’s worth $3,232,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Conn’s by 28.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,875,092 shares of the specialty retailer’s stock valued at $35,365,000 after buying an additional 411,845 shares in the last quarter. BlackRock Inc. raised its holdings in Conn’s by 1.1% in the 4th quarter. BlackRock Inc. now owns 1,451,353 shares of the specialty retailer’s stock valued at $27,373,000 after acquiring an additional 16,484 shares during the last quarter. Marshall Wace LLP raised its holdings in Conn’s by 2.5% in the 1st quarter. Marshall Wace LLP now owns 775,383 shares of the specialty retailer’s stock valued at $17,726,000 after acquiring an additional 18,788 shares during the last quarter. Portolan Capital Management LLC raised its holdings in Conn’s by 54.3% in the 4th quarter. Portolan Capital Management LLC now owns 415,303 shares of the specialty retailer’s stock valued at $7,833,000 after acquiring an additional 146,097 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Conn’s by 341.2% in the 4th quarter. Two Sigma Investments LP now owns 335,203 shares of the specialty retailer’s stock valued at $6,322,000 after acquiring an additional 259,234 shares during the last quarter. 75.31% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Lee A. Wright acquired 5,882 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of $17.03 per share, with a total value of $100,170.46. Following the completion of the acquisition, the chief operating officer now owns 203,189 shares in the company, valued at $3,460,308.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William E. Saunders, Jr. acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the acquisition, the director now owns 43,743 shares of the company’s stock, valued at approximately $786,061.71. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,647 shares of company stock valued at $480,228. 3.68% of the stock is owned by corporate insiders.
Conn’s stock traded up $0.24 during trading on Thursday, hitting $18.58. The company had a trading volume of 327,520 shares, compared to its average volume of 529,875. Conn’s Inc has a 1-year low of $15.40 and a 1-year high of $42.65. The company has a current ratio of 5.41, a quick ratio of 4.28 and a debt-to-equity ratio of 1.90. The company has a 50 day simple moving average of $17.80. The stock has a market cap of $585.41 million, a PE ratio of 7.40, a price-to-earnings-growth ratio of 0.29 and a beta of 2.25.
Conn’s (NASDAQ:CONN) last posted its earnings results on Friday, May 31st. The specialty retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Conn’s had a net margin of 5.22% and a return on equity of 14.38%. The firm had revenue of $353.50 million during the quarter, compared to the consensus estimate of $366.66 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts anticipate that Conn’s Inc will post 2.74 earnings per share for the current year.
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 furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.
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