Insider Buy at Conns Inc (CONN): Theodore M. Wright Acquires 10,400 Shares


Conns Inc (NASDAQ:CONN)’s President and Chief Executive Officer, Theodore M. Wright, has acquired last September 5th through an open market transaction, 10,400 shares of Common Stock. These were bought at an average weighted price of $28.74 each, for a total value of $298,896. Following the filing, Mr. Wright directly owns 214,553 shares of this holding company that is a specialty retailer of durable consumer products, as well as a provider of consumer credit to support its customers’ purchases of the products that it offers.

On the same sidewalk, some of Conns Inc (NASDAQ:CONN)’s largest hedge fund shareholders on record have also decided to increase their participation in the $1.10 billion market cap firm. David Einhorn’s fund, Greenlight Capital –owner of 3.5 million shares- has done so by 7%. Also, Daniel Gold’s Qvt Financial –owner of 761,995 shares- has augmented its stake in the firm by over 150%.

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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