November 23, 2016 - By Winifred Garcia
Transaction totalling around $157 USD was disclosed online in a public form submitted to the DC-based SEC on November 23, 2016. According to which, Keith Schappert, the director of Calamos Asset Management Inc also an insider of the ‘s company had bought precisely 22 shares – ( at $7.1 of a share ). Currently, Keith Schappert owns 18,082 shares or 0.09% of the company’s market capitalization.
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 21.04% above today’s ($7.13) stock price. Calamos Asset Management has been the topic of 8 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by Keefe Bruyette & Woods on Monday, June 20. The rating was upgraded by Wood on Monday, June 20 to “Market Perform”. On Friday, July 15 the stock rating was reinitiated by Credit Suisse with “Underperform”. The firm has “Underperform” rating by Wood given on Thursday, September 3. The stock of Calamos Asset Management, Inc (NASDAQ:CLMS) earned “Buy” rating by TheStreet on Thursday, August 27.
Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. 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.
Voya Invest Mngmt Limited Co holds 0% or 11,689 shares in its portfolio. Teachers Advisors, a New York-based fund reported 25,190 shares. State Bank Of Mellon reported 271,742 shares or 0% of all its holdings. Nationwide Fund Advsrs holds 0% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS) for 15,728 shares. Blackrock Fund last reported 1.13M shares in the company. Gamco Invsts Incorporated Et Al has 173,500 shares for 0.01% of their US portfolio. Deere accumulated 0.02% or 53,879 shares. The Ohio-based Fifth Third National Bank has invested 0% in Calamos Asset Management, Inc (NASDAQ:CLMS). Morgan Stanley holds 0% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS) for 588,653 shares. Gabelli Funds Ltd Company holds 0.01% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS) for 185,000 shares. Hightower Advisors Lc holds 0.01% or 155,065 shares in its portfolio. Pinebridge Invs L P reported 2,026 shares or 0% of all its holdings. Texas Permanent School Fund has 0% invested in the company for 13,187 shares. The United Kingdom-based Barclays Public Limited Liability Co has invested 0% in Calamos Asset Management, Inc (NASDAQ:CLMS). Acadian Asset Management Ltd has 0.02% invested in the company for 477,104 shares.
Insider Transactions: Since May 24, 2016, the stock had 6 insider purchases, and 0 insider sales for $200,735 net activity. Another trade for 22 shares valued at $158 was bought by SCHAPPERT KEITH M. $2,707 worth of shares were bought by Gilbert Richard W on Tuesday, May 24. $363 worth of Calamos Asset Management, Inc (NASDAQ:CLMS) shares were bought by EGGERS THOMAS F. 19 shares with value of $148 were bought by SHIEBLER WILLIAM N on Wednesday, May 25. The insider CALAMOS JOHN P SR bought 12,437 shares worth $96,955.
About 2,477 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 $149.93 million. The Firm is the manager of Calamos Investments LLC, which owns and manages its operating companies. It has a 144.68 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.
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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