Will Conns’s Offering Of Public Shares Animate These Top Institutional Shareholders?

Conn’s Inc. (NASDAQ:CONN), the specialty retailer, announced that the pricing of their public shares offering for their common stock is $26.75 per share. The size of the offering has also been increased from 5 million shares to 5.5 million shares.  Out of the revised quantity, the company is selling 1,408,379 shares and stockholders are offering 4,091,621 shares. The net proceeds from the offering, approximately $35.2 million, will be used mainly for repayment of debt.

Will Conns Inc.’s shareholders increase their holdings? They reported owning a total of 18.326 million shares on 09/30/2012. The shares closed at $22.05 on 09/30/2012.

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Here are the ten largest positions in Conns Inc. at the end of September 30th, 2012.

FMR LLC. held 2,607,571 shares on 09/30/2012 worth $57,496,939. This brought the portfolio total to 0.01%.

Dimensional Fund Advisors L.P held 2,364,312 shares on 09/30/2012 worth $52,133,078. This brought the portfolio total to 0.06%.

Vanguard Group Inc. held 1,674,418 shares on 09/30/2012 worth $36,920,916. This brought the portfolio total to 0.0%.

J.P Morgan Chase & Co. held 1,067,297 shares on 09/30/2012 worth $23,533,898. This brought the portfolio total to 0.01%.

Gam Holding AG held 790,000 shares on 09/30/2012 worth $17,419,499. This brought the portfolio total to 0.0%.

Adage Capital Partners GP LLC. held 704,778 shares on 09/30/2012 worth $15,540,354. This brought the portfolio total to 0.06%.

Pacific Globall Investment Management Co. held 700,944 shares on 09/30/2012 worth $15,455,815. This brought the portfolio total to 3.68%.

F&C Asset Management PLC. held 680,352 shares on 09/30/2012 worth $15,001,761. This brought the portfolio total to 0.25%.

Alydar Partners LLC.held 600,000 shares on 09/30/2012 worth $13,230,000. This brought the portfolio total to 1.0%.

Principal Financial Group Inc. held 570,729 shares on 09/30/2012 worth $12,584,574. This brought the portfolio total to 0.03%.

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