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Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. purchased 41,016 shares of Calamos Asset Management Inc. Shs -A- stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $11.35 per share, for a total transaction of $465,531.60. Following the acquisition, the chief executive officer now directly owns 2,148,822 shares in the company, valued at approximately $24,389,130. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded up 1.43% on Monday, hitting $11.34. 117,305 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 has a 50-day moving average of $11.61 and a 200-day moving average of $10.59. The company has a market cap of $232.8 million and a P/E ratio of 12.15.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last posted its quarterly 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 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 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 4.41%. The ex-dividend date 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 given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.80.

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

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