Insider Buy At Conn’s, Inc. (Conn): Theodore Wright’s Purchases 26,862 Shares


Chairman, President & Ceo at CONN’S, Inc. (NASDAQ:CONN) Theodore Wright acquired 10,000 shares of common stock at a price of $ 7.54 per share, and another 16,862 shares, at a price of $ 11.86 per share. These transactions were exempted pursuant to Rule 16b-3. Following this acquisition, Mr. Wright owns 204,153 shares at this $1.54 billion Market Cap Company. “Amount does not include performance-based restricted stock units (“PBRSUs”) granted to the reporting person on June 3, 2013 and May 27, 2014,” (SEC).

Additionally, three major hedge funds have started investing at CONN’S, Inc. (NASDAQ:CONN) over the last reported quarter. Peter Keane’s Keane Capital Management now owns 12,500 shares, worth more than $485 million, amount which accounts for 3.93% of the fund’s Equity Portfolio. Moreover, Christian Leone’s Luxor Capital Group currently holds more than 3 million shares, valued at a price of approximately $136 million, accounting for 2.67% of its Equity Portfolio. Furthermore, Greenlight Capital, David Einhorn’s hedge fund, has also started investing at the company this quarter. It is holding now 3,300,000 shares, worth $128 million, representing 1.91% of the fund’s Equity Portfolio.

Disclosure: None.

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