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Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. purchased 13,721 shares of the company’s stock on the open market in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $11.67 per share, with a total value of $160,124.07. Following the acquisition, the chief executive officer now directly owns 2,584,742 shares in the company, valued at approximately $30,163,939. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.80.

Shares of Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded up 2.24% on Thursday, hitting $11.87. 213,426 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 $11.54 and its 200-day moving average is $10.66. The company has a market cap of $243.7 million and a P/E ratio of 12.62.

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.

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

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