Calamos Asset Management Inc. Shs -A- Sees Unusually-High Trading Volume Following Insider Buying Activity (CLMS)
Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) saw an uptick in trading volume on Tuesday after an insider bought additional shares in the company, AR Network reports. 451,446 shares changed hands during mid-day trading, an increase of 128% from the previous session’s volume of 197,846 shares.The stock last traded at $11.51 and had previously closed at $11.46.
Specifically, CEO John P. Sr Calamos, Sr. acquired 44,550 shares of Calamos Asset Management Inc. Shs -A- stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $11.56 per share, for a total transaction of $514,998.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
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 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 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 company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.80.
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 price-to-earnings ratio of 12.46.
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. On average, analysts predict that Calamos Asset Management Inc. Shs -A- will post $0.55 earnings per share for the current fiscal year.
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.