Calamos Asset Management Inc. Shs -A- CEO Purchases $14,950 in Stock (CLMS)
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. acquired 1,300 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $11.50 per share, with a total value of $14,950.00. Following the acquisition, the chief executive officer now directly owns 1,848,493 shares in the company, valued at approximately $21,257,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded up 1.65% during mid-day trading on Wednesday, hitting $11.69. 89,125 shares of the company’s stock traded hands. Calamos Asset Management Inc. Shs -A- has a 52 week low of $9.46 and a 52 week high of $12.26. The stock’s 50-day moving average is $11.29 and its 200-day moving average is $10.50. The company has a market cap of $240.0 million and a price-to-earnings ratio of 19.13.
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.07. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $64.02 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 20.5% on a year-over-year basis. Analysts expect that Calamos Asset Management Inc. Shs -A- will post $0.52 EPS for the current fiscal year.
A number of analysts have recently weighed in on CLMS shares. Analysts at Zacks upgraded shares of Calamos Asset Management Inc. Shs -A- from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $12.40 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Calamos Asset Management Inc. Shs -A- from $9.75 to $11.00 in a research note to investors on Friday, January 10th. They now have a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Calamos Asset Management Inc. Shs -A- currently has a consensus rating of “Hold” and a consensus price target of $10.80.
Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.