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Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) hit a new 52-week high during trading on Wednesday, American Banking News reports. The stock traded as high as $12.26 and last traded at $11.69, with a volume of 254,118 shares trading hands. The stock had previously closed at $11.90.

Several analysts have recently commented on the stock. 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 company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.80.

In other Calamos Asset Management Inc. Shs -A- news, CEO John Sr Calamos, Sr. purchased 5,860 shares of Calamos Asset Management Inc. Shs -A- stock on the open market in a transaction dated Monday, January 27th. The shares were purchased at an average price of $11.49 per share, with a total value of $67,331.40. Following the completion of the acquisition, the chief executive officer now directly owns 1,877,611 shares of the company’s stock, valued at approximately $21,573,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 $11.51 and its 200-day moving average is $10.56. The company has a market cap of $240.0 million and a P/E ratio of 19.80.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.11. The company had revenue of $66.50 million for the quarter, compared to the consensus estimate of $66.12 million. During the same quarter last year, the company posted $0.22 earnings per share. Calamos Asset Management Inc. Shs -A-’s revenue was down 13.5% compared to the same quarter last year. Analysts expect that Calamos Asset Management Inc. Shs -A- will post $0.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, February 24th. Shareholders of record on Friday, February 7th will be given a dividend of 0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, February 5th.

Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.

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