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Calamos Asset Management (NASDAQ:CLMS) CEO John P. Sr Calamos, Sr. bought 39,160 shares of the stock on the open market in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $13.40 per share, with a total value of $524,744.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,539,662 shares of the company’s stock, valued at approximately $47,431,471. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Calamos Asset Management (NASDAQ:CLMS) traded down 0.82% during mid-day trading on Wednesday, hitting $13.35. The stock had a trading volume of 125,688 shares. Calamos Asset Management has a 52-week low of $9.46 and a 52-week high of $13.69. The stock has a 50-day moving average of $12.54 and a 200-day moving average of $12.0. The company has a market cap of $274.1 million and a price-to-earnings ratio of 15.40.

Calamos Asset Management (NASDAQ:CLMS) last released its earnings data on Thursday, April 24th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $63.90 million for the quarter, compared to the consensus estimate of $64.99 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, analysts predict that Calamos Asset Management will post $0.52 earnings per share for the current fiscal year.

A number of research firms have recently commented on CLMS. Analysts at TheStreet downgraded shares of Calamos Asset Management from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Separately, analysts at Zacks downgraded shares of Calamos Asset Management from an “outperform” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $14.50 price target on the stock.

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

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