Insider Buying: John P. Sr Calamos, Sr. Purchases 35,416 Shares of Calamos Asset Management Inc. Shs -A- Stock (CLMS)
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. bought 35,416 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $10.80 per share, with a total value of $382,492.80. Following the transaction, the chief executive officer now directly owns 2,036,974 shares of the company’s stock, valued at approximately $21,999,319. The transaction 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 2.16% during mid-day trading on Wednesday, hitting $10.85. The stock had a trading volume of 229,139 shares. 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 $11.60 and its 200-day moving average is $10.58. The company has a market cap of $222.8 million and a P/E ratio of 12.05.
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. Analysts expect that Calamos Asset Management Inc. Shs -A- will post $0.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 24th. Investors 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 4.61%. The ex-dividend date of this dividend is Wednesday, February 5th.
A number of research firms have recently commented on CLMS. 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 issued a buy rating to the company. Calamos Asset Management Inc. Shs -A- has a consensus rating of “Hold” and an average 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.