Share on StockTwits
 

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. bought 28,015 shares of Calamos Asset Management Inc. Shs -A- stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $11.65 per share, with a total value of $326,374.75. Following the transaction, the chief executive officer now directly owns 1,930,726 shares of the company’s stock, valued at approximately $22,492,958. The acquisition was disclosed in a filing with the SEC, which is available at this link.

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 research 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. The company currently has a consensus rating of “Hold” and a consensus price target of $10.80.

Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded down 3.21% during mid-day trading on Friday, hitting $11.47. 201,223 shares of the company’s stock traded hands. Calamos Asset Management Inc. Shs -A- has a 1-year low of $9.46 and a 1-year high of $12.26. The stock’s 50-day moving average is $11.59 and its 200-day moving average is $10.5. The company has a market cap of $235.5 million and a price-to-earnings ratio of 19.72.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last released its earnings data on Tuesday, January 28th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts predict that Calamos Asset Management Inc. Shs -A- will post $0.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, February 24th. Investors of record on Friday, February 7th will be paid a dividend of 0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Wednesday, February 5th.

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.