Conn’s Inc (CONN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of Conn’s Inc (NASDAQ:CONN) by 17.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,994 shares of the specialty retailer’s stock after selling 8,184 shares during the period. GSA Capital Partners LLP owned about 0.13% of Conn’s worth $1,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CONN. Millennium Management LLC increased its position in shares of Conn’s by 485.0% during the second quarter. Millennium Management LLC now owns 664,210 shares of the specialty retailer’s stock worth $21,919,000 after purchasing an additional 550,663 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Conn’s by 87.4% during the third quarter. JPMorgan Chase & Co. now owns 879,797 shares of the specialty retailer’s stock worth $31,100,000 after purchasing an additional 410,313 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Conn’s during the third quarter worth about $9,529,000. Northern Trust Corp increased its position in shares of Conn’s by 64.5% during the second quarter. Northern Trust Corp now owns 410,607 shares of the specialty retailer’s stock worth $13,550,000 after purchasing an additional 160,998 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its position in shares of Conn’s by 32.3% during the third quarter. Hodges Capital Management Inc. now owns 527,065 shares of the specialty retailer’s stock worth $18,632,000 after purchasing an additional 128,625 shares in the last quarter. Institutional investors and hedge funds own 68.54% of the company’s stock.

In related news, insider Brian Daly purchased 4,200 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $23.05 per share, for a total transaction of $96,810.00. Following the transaction, the insider now directly owns 58,533 shares of the company’s stock, valued at approximately $1,349,185.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.34% of the company’s stock.

A number of analysts have recently commented on CONN shares. Jefferies Financial Group started coverage on Conn’s in a research report on Thursday, August 16th. They set a “buy” rating and a $44.00 target price on the stock. ValuEngine upgraded Conn’s from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research cut Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Stephens dropped their price target on Conn’s to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Compass Point restated a “hold” rating and issued a $38.50 price target on shares of Conn’s in a research report on Friday, August 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.08.

Shares of CONN stock opened at $23.73 on Friday. The stock has a market capitalization of $792.88 million, a P/E ratio of 11.79, a P/E/G ratio of 0.46 and a beta of 1.87. Conn’s Inc has a 52-week low of $22.10 and a 52-week high of $42.65. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.86 and a current ratio of 4.57.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $383.59 million. Conn’s had a return on equity of 12.17% and a net margin of 3.09%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, equities research analysts forecast that Conn’s Inc will post 2.38 EPS for the current fiscal year.

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Conn’s Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

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Institutional Ownership by Quarter for Conn`s (NASDAQ:CONN)

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