Calamos Asset Management Inc. Shs -A- (CLMS) Announces Quarterly Results
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) announced its earnings results on Tuesday. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.11, American Banking News reports. The company had revenue of $66.50 million for the quarter, compared to the consensus estimate of $66.12 million.
Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded up 4.29% during mid-day trading on Tuesday, hitting $11.90. The stock had a trading volume of 276,480 shares. Calamos Asset Management Inc. Shs -A- has a one year low of $9.46 and a one year high of $12.26. The stock’s 50-day moving average is $11.49 and its 200-day moving average is $10.56. The company has a market cap of $244.3 million and a P/E ratio of 18.99.
In other Calamos Asset Management Inc. Shs -A- news, CEO John Sr Calamos, Sr. acquired 5,860 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $11.49 per share, for a total transaction of $67,331.40. Following the completion of the acquisition, the chief executive officer now directly owns 1,877,611 shares in the company, valued at approximately $21,573,750. The purchase was disclosed in a document filed with the SEC, which is available at this link.
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, January 15th. 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 given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.80.
Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.
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