Calamos Asset Management, Inc. (NASDAQ:CLMS) is expected to pay $0.15 on Nov 21, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Calamos Asset Management, Inc.’s current price of $6.30, the dividend is 2.38%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 28, 2016. The stock increased 2.44% or $0.15 on November 2, hitting $6.3. Calamos Asset Management, Inc (NASDAQ:CLMS) has declined 28.08% since April 1, 2016 and is downtrending. It has underperformed by 29.30% the S&P500.
Calamos Asset Management, Inc. is a holding company. The company has a market cap of $123.14 million. The Firm is the manager of Calamos Investments LLC, which owns and manages its operating companies. It has a 127.84 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.
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.23, from 1.18 in 2016Q1. The ratio dived, 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.
Nationwide Fund Advsrs has 15,728 shares for 0% of their US portfolio. Wells Fargo And Mn last reported 36,292 shares in the company. Teachers Advsrs owns 25,190 shares or 0% of their US portfolio. Acadian Asset Llc last reported 0.02% of its portfolio in the stock. Virginia Retirement Et Al last reported 0% of its portfolio in the stock. Morgan Stanley has 588,653 shares for 0% of their US portfolio. Capstone Asset Mgmt accumulated 23,453 shares or 0.01% of the stock. Credit Suisse Ag has invested 0% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS). Invesco has 0% invested in the company for 84,096 shares. The Missouri-based Benjamin F Edwards And Inc has invested 0% in Calamos Asset Management, Inc (NASDAQ:CLMS). State Board Of Administration Of Florida Retirement Sys last reported 0% of its portfolio in the stock. Citigroup accumulated 0% or 13,996 shares. Prudential accumulated 184,398 shares or 0% of the stock. Dimensional Fund Advsrs L P has 0% invested in the company for 922,171 shares. Ancora reported 84,900 shares or 0.07% of all its holdings.
Insider Transactions: Since May 24, 2016, the stock had 9 insider purchases, and 0 sales for $199,798 net activity. EGGERS THOMAS F had bought 50 shares worth $359. Another trade for 19 shares valued at $148 was bought by SCHAPPERT KEITH M. 12,437 shares with value of $96,955 were bought by CALAMOS JOHN P SR on Tuesday, May 24. The insider SHIEBLER WILLIAM N bought 19 shares worth $148. On Tuesday, May 24 Gilbert Richard W bought $2,707 worth of the stock or 347 shares.
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 36.98% above today’s ($6.3) stock price. Calamos Asset Management has been the topic of 8 analyst reports since August 27, 2015 according to StockzIntelligence Inc. TheStreet downgraded the stock to “Buy” rating in Thursday, August 27 report. On Monday, June 20 the stock rating was upgraded by Keefe Bruyette & Woods to “Mkt Perform”. The stock has “Underperform” rating given by Credit Suisse on Friday, July 15. Wood maintained it with “Underperform” rating and $10 target price in Thursday, September 3 report. Wood upgraded it to “Market Perform” rating and $7.50 target price in Monday, June 20 report.
More recent Calamos Asset Management, Inc (NASDAQ:CLMS) news were published by: Prnewswire.com which released: “Calamos Asset Management, Inc. Announces Third Quarter 2016 Investor …” on October 12, 2016. Also Prnewswire.com published the news titled: “Calamos Asset Management, Inc. Reports Third Quarter 2016 Results and Declares …” on October 27, 2016. Finance.Yahoo.com‘s news article titled: “Calamos Asset Management posts 3Q profit” with publication date: October 27, 2016 was also an interesting one.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.