Insider Buying: John P. Sr Calamos, Sr. Purchases 8,734 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 8,734 shares of Calamos Asset Management Inc. Shs -A- stock on the open market in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of $11.49 per share, with a total value of $100,353.66. Following the transaction, the chief executive officer now directly owns 2,264,210 shares of the company’s stock, valued at approximately $26,015,773. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded down 0.17% on Friday, hitting $11.51. 21,457 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’s 50-day moving average is $11.6 and its 200-day moving average is $10.59. The company has a market cap of $236.3 million and a price-to-earnings ratio of 12.53.
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last announced its earnings results 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 4.33%. 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 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 on Friday, January 10th. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company 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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