Calamos Asset Management, Inc Declares Quarterly Dividend of $0.15 (clms)

Calamos Asset Management (NASDAQ:clms) declared a quarterly dividend on Tuesday, October 27th, AnalystRatings.Net reports. Investors of record on Monday, November 9th will be paid a dividend of 0.15 per share by the closed-end fund on Monday, November 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Thursday, November 5th.

In related news, CEO John P. Sr Calamos, Sr. acquired 16,538 shares of Calamos Asset Management stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $11.70 per share, with a total value of $193,494.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John P. Sr Calamos, Sr. acquired 18,756 shares of Calamos Asset Management stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $11.93 per share, with a total value of $223,759.08. The disclosure for this purchase can be found here.

CLMS has been the subject of a number of recent research reports. Credit Suisse dropped their price target on Calamos Asset Management to $10.00 in a research note on Thursday, October 8th. TheStreet cut Calamos Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, August 25th. Zacks upgraded Calamos Asset Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Keefe, Bruyette Woods cut their price objective on Calamos Asset Management from $12.00 to $10.00 and set an “underperform” rating on the stock in a research report on Thursday, September 3rd. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company has an average rating of “Sell” and an average price target of $10.33.

Shares of Calamos Asset Management (NASDAQ:CLMS) traded down 1.26% during trading on Friday, reaching $9.39. The company’s stock had a trading volume of 52,118 shares. The stock has a 50 day moving average of $9.62 and a 200-day moving average of $11.32. The company has a market capitalization of $192.78 million and a PE ratio of 24.45. Calamos Asset Management has a 1-year low of $9.00 and a 1-year high of $14.44.

Calamos Asset Management (NASDAQ:CLMS) last announced its quarterly earnings data on Tuesday, October 27th. The closed-end fund reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. The company had revenue of $57.60 million for the quarter, compared to analysts’ expectations of $58.56 million. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. On average, analysts expect that Calamos Asset Management will post $0.32 earnings per share for the current year.

Calamos Asset Management, Inc. (NASDAQ:CLMS) is a holding company. The Business is the manager of Calamos Investments LLC, which manages and owns its managing businesses. The Company mainly provides individuals and institutional investors with investment advisory services through investment products offering closed-end funds and open-end funds (Funds), exchange traded fund, separate accounts, offshore funds and ventures. The subsidiary companies through which the Firm provides these services contain 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, previously called Calamos International LLP, a United Kingdom limited liability partnership, registered investment advisor using the Financial Conduct Authority in the United Kingdom, as well as a global provider of the offshore funds and business products.document.write(‘‘);

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Saturday, October 31st, 2015 EN

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