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Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. acquired 44,550 shares of Calamos Asset Management Inc. Shs -A- stock on the open market in a transaction dated Monday, February 24th. The stock was purchased at an average price of $11.56 per share, for a total transaction of $514,998.00. Following the acquisition, the chief executive officer now directly owns 2,485,070 shares in the company, valued at approximately $28,727,409. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) opened at 11.46 on Tuesday. 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 $11.54 and a 200-day moving average of $10.64. The company has a market cap of $235.3 million and a P/E ratio of 12.46.

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 (EPS) for the quarter, beating the 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 previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter 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.

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 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.80.

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

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