Shares of Calamos Asset Management, Inc (NASDAQ:CLMS) have been assigned an average broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a sell recommendation.
Brokerages have set a 12-month consensus price target of $9.00 for the company and are expecting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Calamos Asset Management an industry rank of 186 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Calamos Asset Management from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, December 29th. Credit Suisse dropped their target price on shares of Calamos Asset Management to $10.00 in a research report on Thursday, October 8th.
Shares of Calamos Asset Management (NASDAQ:CLMS) opened at 9.68 on Monday. Calamos Asset Management has a 12 month low of $8.77 and a 12 month high of $13.70. The stock’s 50 day moving average is $9.38 and its 200 day moving average is $10.45. The stock has a market cap of $198.74 million and a P/E ratio of 24.63.
Calamos Asset Management (NASDAQ:CLMS) last posted its earnings results on Tuesday, October 27th. The closed-end fund reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. The business had revenue of $57.60 million for the quarter, compared to analyst estimates of $58.56 million. During the same period last year, the company posted $0.23 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. Analysts predict that Calamos Asset Management will post $0.25 earnings per share for the current fiscal year.
In other Calamos Asset Management news, CEO John P. Sr Calamos, Sr. purchased 3,643 shares of the stock in a transaction on Friday, November 20th. The stock was bought at an average cost of $9.33 per share, for a total transaction of $33,989.19. Following the completion of the acquisition, the chief executive officer now directly owns 1,142,075 shares of the company’s stock, valued at $10,655,559.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John P. Sr Calamos, Sr. purchased 21,029 shares of the stock in a transaction on Thursday, November 12th. The stock was acquired at an average price of $8.87 per share, with a total value of $186,527.23. Following the completion of the acquisition, the chief executive officer now directly owns 1,142,075 shares of the company’s stock, valued at $10,130,205.25. The disclosure for this purchase can be found here.
Calamos Asset Management, Inc. (NASDAQ:CLMS) is a holding company. The Company is the manager of Calamos Investments LLC, which owns and manages its operating companies. The Company primarily provides investment advisory services to individuals and institutional investors through investment products that include open-end funds and closed-end funds (Funds), exchange traded fund, separate accounts, offshore funds and partnerships. The subsidiaries through which the Company provides these services include Calamos Advisors LLC (CAL), a registered investment advisor; Calamos Financial Services LLC (CFS), a registered broker-dealer; Calamos Wealth Management LLC, a registered investment advisor, and Calamos Investments LLP, formerly known as Calamos International LLP, a United Kingdom limited liability partnership, registered investment advisor with the Financial Conduct Authority in the United Kingdom, and a global distributor of the offshore funds and Company products.
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