Insider Buying: John P. Sr Calamos, Sr. Acquires 6,203 Shares of Calamos Asset Management Inc. Shs -A- Stock (CLMS)
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. acquired 6,203 shares of Calamos Asset Management Inc. Shs -A- stock on the open market in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $11.52 per share, for a total transaction of $71,458.56. Following the acquisition, the chief executive officer now directly owns 1,966,142 shares in the company, valued at approximately $22,649,956. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded down 2.88% on Monday, hitting $11.14. 179,272 shares of the company’s stock traded hands. Calamos Asset Management Inc. Shs -A- has a one year low of $9.46 and a one year high of $12.26. The stock has a 50-day moving average of $11.59 and a 200-day moving average of $10.58. The company has a market cap of $228.7 million and a price-to-earnings ratio of 12.47.
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last announced its earnings results 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 $0.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 24th. Shareholders 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 4.49%. The ex-dividend date is Wednesday, February 5th.
CLMS has been the subject of a number of recent research reports. 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 issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.80.
Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.
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