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Calamos Asset Management (NASDAQ:CLMS) CFO Nimish S. Bhatt acquired 438 shares of Calamos Asset Management stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $12.94 per share, with a total value of $5,667.72. Following the completion of the acquisition, the chief financial officer now directly owns 99,273 shares of the company’s stock, valued at approximately $1,284,593. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on CLMS shares. Analysts at Zacks downgraded shares of Calamos Asset Management from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $14.50 price target on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Calamos Asset Management from a “market perform” rating to an “underperform” rating in a research note on Monday, July 14th. They now have a $11.75 price target on the stock.

Shares of Calamos Asset Management (NASDAQ:CLMS) traded up 0.08% during mid-day trading on Wednesday, hitting $13.03. 104,657 shares of the company’s stock traded hands. Calamos Asset Management has a 52 week low of $9.46 and a 52 week high of $13.90. The stock’s 50-day moving average is $12.75 and its 200-day moving average is $12.66. The company has a market cap of $267.5 million and a price-to-earnings ratio of 13.35.

Calamos Asset Management (NASDAQ:CLMS) last announced its earnings results on Tuesday, July 29th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.09. The company had revenue of $63.00 million for the quarter, compared to the consensus estimate of $64.42 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts expect that Calamos Asset Management will post $0.54 EPS for the current fiscal year.

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

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