Insider Filing: The Insider and Pres. – Head of Global Distrib. of Calamos Asset Management, Inc (NASDAQ:CLMS), Robert Behan, Made a Purchase of 633 Shares

November 23, 2016 - By Winifred Garcia

Insider Filing: The Insider and Pres.   Head of Global Distrib. of Calamos Asset Management, Inc (NASDAQ:CLMS), Robert Behan, Made a Purchase of 633 Shares

Robert Behan Insider Buy

The Pres. – Head of Global Distrib. of Calamos Asset Management Inc, Robert Behan not a long ago paid $4,502 U.S Dollars on 633 shares in the Calamos Asset Management Inc corporation at an about $7.1 per every share. he presently has in hand 1.15% of the market capitalization of the company.

Calamos Asset Management, Inc (NASDAQ:CLMS) Ratings Coverage

Out of 4 analysts covering Calamos Asset Management (NASDAQ:CLMS), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. $10 is the highest target while $7 is the lowest. The $8.63 average target is 21.89% above today’s ($7.08) stock price. Calamos Asset Management has been the topic of 8 analyst reports since August 27, 2015 according to StockzIntelligence Inc. As per Thursday, August 27, the company rating was downgraded by TheStreet. The stock of Calamos Asset Management, Inc (NASDAQ:CLMS) earned “Underperform” rating by Credit Suisse on Friday, July 15. The rating was upgraded by Keefe Bruyette & Woods on Monday, June 20 to “Mkt Perform”. The rating was upgraded by Wood on Monday, June 20 to “Market Perform”. Wood maintained Calamos Asset Management, Inc (NASDAQ:CLMS) rating on Thursday, September 3. Wood has “Underperform” rating and $10 price target.

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.34, from 0.95 in 2016Q1. The ratio is positive, as 13 funds sold all Calamos Asset Management, Inc shares owned while 24 reduced positions. 5 funds bought stakes while 30 increased positions. They now own 11.70 million shares or 1.62% less from 11.89 million shares in 2016Q1.

Financial Bank Of New York Mellon Corporation has invested 0% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS). Gemmer Asset Mngmt Ltd Limited Liability Company holds 93 shares or 0% of its portfolio. Moreover, Hightower Advsrs Limited Liability Company has 0.01% invested in Calamos Asset Management, Inc (NASDAQ:CLMS) for 155,065 shares. Morgan Stanley, a New York-based fund reported 588,653 shares. Fifth Third Financial Bank last reported 1,000 shares in the company. Eagle Advisors Ltd Com holds 0.02% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS) for 81,810 shares. Price T Rowe Associate Md has 0% invested in the company for 18,000 shares. Ancora Advisors Limited Liability Company accumulated 0.07% or 84,900 shares. Pnc Grp Inc Inc holds 0% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS) for 11 shares. Gabelli Funds Llc last reported 185,000 shares in the company. Hancock Holdings has 77,060 shares for 0.02% of their US portfolio. Moreover, Credit Suisse Ag has 0% invested in Calamos Asset Management, Inc (NASDAQ:CLMS) for 13,712 shares. Gamco Incorporated Et Al holds 0.01% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS) for 173,500 shares. Spark Investment Mgmt Ltd Llc holds 0.01% or 19,200 shares in its portfolio. American International Gp Inc Inc reported 12,616 shares or 0% of all its holdings.

Insider Transactions: Since May 24, 2016, the stock had 8 insider purchases, and 0 sales for $201,049 net activity. Shares for $351 were bought by EGGERS THOMAS F on Wednesday, May 25. On Tuesday, November 22 SCHAPPERT KEITH M bought $157 worth of the stock or 22 shares. 12,437 Calamos Asset Management, Inc (NASDAQ:CLMS) shares with value of $96,955 were bought by CALAMOS JOHN P SR. 19 shares were bought by SHIEBLER WILLIAM N, worth $148 on Wednesday, May 25. On Tuesday, May 24 the insider Gilbert Richard W bought $2,707.

About 34,696 shares traded hands. Calamos Asset Management, Inc (NASDAQ:CLMS) has declined 22.29% since April 21, 2016 and is downtrending. It has underperformed by 27.62% the S&P500.

Calamos Asset Management, Inc. is a holding company. The company has a market cap of $148.88 million. The Firm is the manager of Calamos Investments LLC, which owns and manages its operating companies. It has a 143.67 P/E ratio. The Firm provides investment advisory services to individuals and institutional investors through investment products that include open-end and closed-end funds , an exchange traded fund, separate accounts, offshore funds and partnerships.

According to Zacks Investment Research, “Calamos Asset Management, Inc., provides investment advisory services through its subsidiaries to institutions and individuals, principally in the United States. The company applies a proprietary investment process centered on risk management across an expanding range of investment strategies within the equity, balanced, convertible, high yield and alternative investment classes.”

Analysts await Calamos Asset Management, Inc (NASDAQ:CLMS) to report earnings on February, 14.

More news for Calamos Asset Management, Inc (NASDAQ:CLMS) were recently published by: Prnewswire.com, which released: “Calamos Asset Management, Inc. Reports Third Quarter 2016 Results and Declares ..” on October 27, 2016. Prnewswire.com‘s article titled: “Calamos Asset Management, Inc. Announces Third Quarter 2016 Investor ..” and published on October 12, 2016 is yet another important article.

CLMS Company Profile

Calamos Asset Management, Inc., incorporated on July 23, 2004, is a holding company. The Firm is the manager of Calamos Investments LLC, which owns and manages its operating companies. The Firm provides investment advisory services to individuals and institutional investors through investment products that include open-end and closed-end funds (Funds), an exchange traded fund, separate accounts, offshore funds and partnerships. The subsidiaries through which the Company provides these services include Calamos Advisors LLC (CAL), an investment advisor; Calamos Financial Services LLC (CFS), a broker-dealer; Calamos Wealth Management LLC, an investment advisor, and Calamos Investments LLP, a United Kingdom investment advisor, and a distributor of the offshore funds and Company products.

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