Insider Buying: Calamos Asset Management CFO Purchases 438 Shares of Stock (CLMS)
Calamos Asset Management (NASDAQ:CLMS) CFO Nimish S. Bhatt acquired 438 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was purchased at an average price of $12.94 per share, with a total value of $5,667.72. Following the purchase, the chief financial officer now directly owns 99,273 shares of the company’s stock, valued at approximately $1,284,593. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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.
Calamos Asset Management (NASDAQ:CLMS) opened at 13.03 on Thursday. Calamos Asset Management has a one year low of $9.46 and a one year high of $13.90. The stock has a 50-day moving average of $12.75 and a 200-day moving average of $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. On average, analysts predict that Calamos Asset Management will post $0.54 earnings per share for the current fiscal year.
Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.
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