Calamos Asset Management Inc. Shs -A- CEO Buys $396,305 in 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 in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $11.19 per share, for a total transaction of $396,305.04. Following the completion of the purchase, the chief executive officer now directly owns 2,107,806 shares in the company, valued at approximately $23,586,349. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded up 0.99% during mid-day trading on Friday, hitting $11.18. 118,495 shares of the company’s stock traded hands. 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 $11.61 and its 200-day moving average is $10.59. The company has a market cap of $229.5 million and a price-to-earnings ratio of 12.03.
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 $0.55 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 4.47%. The ex-dividend date of this dividend is Wednesday, February 5th.
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 assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $10.80.
Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.
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