Victory Capital Management Inc. maintained its position in shares of Calamos Asset Management Inc. (NASDAQ:CLMS) during the second quarter, according to its most recent filing with the SEC. The firm owned 47,918 shares of the closed-end fund’s stock at the end of the second quarter. Victory Capital Management Inc. owned about 0.23% of Calamos Asset Management worth $350,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of CLMS. Prudential Financial Inc. increased its stake in Calamos Asset Management by 0.7% in the first quarter. Prudential Financial Inc. now owns 188,678 shares of the closed-end fund’s stock worth $1,602,000 after buying an additional 1,300 shares during the last quarter. Virginia Retirement System purchased a new stake in Calamos Asset Management during the first quarter worth $321,000. Acadian Asset Management LLC increased its stake in Calamos Asset Management by 22.0% in the second quarter. Acadian Asset Management LLC now owns 477,104 shares of the closed-end fund’s stock worth $3,488,000 after buying an additional 85,939 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Calamos Asset Management by 0.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 53,795 shares of the closed-end fund’s stock worth $457,000 after buying an additional 475 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Calamos Asset Management by 4.3% in the first quarter. Geode Capital Management LLC now owns 121,039 shares of the closed-end fund’s stock valued at $1,027,000 after buying an additional 5,038 shares during the last quarter. 58.19% of the stock is owned by institutional investors.
Shares of Calamos Asset Management Inc. (NASDAQ:CLMS) traded up 0.59% during trading on Friday, hitting $6.82. The company had a trading volume of 99,531 shares. The company has a market capitalization of $140.01 million, a P/E ratio of 1705.00 and a beta of 1.33. The stock’s 50-day moving average price is $6.97 and its 200 day moving average price is $7.58. Calamos Asset Management Inc. has a 52 week low of $6.72 and a 52 week high of $10.18.
Calamos Asset Management (NASDAQ:CLMS) last released its earnings results on Thursday, July 28th. The closed-end fund reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. Calamos Asset Management had a return on equity of 2.89% and a net margin of 0.05%. The firm earned $48.27 million during the quarter, compared to analysts’ expectations of $50.19 million. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was down 20.0% on a year-over-year basis. On average, equities research analysts forecast that Calamos Asset Management Inc. will post $0.01 earnings per share for the current year.
Several analysts have weighed in on CLMS shares. Zacks Investment Research upgraded Calamos Asset Management from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Credit Suisse Group AG reiterated a “sell” rating on shares of Calamos Asset Management in a research report on Sunday, July 17th. Finally, Keefe, Bruyette & Woods upgraded Calamos Asset Management from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $8.50 to $7.50 in a research report on Monday, June 20th.
In other Calamos Asset Management news, insider John P. Sr Calamos, Sr. bought 13,751 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was purchased at an average price of $7.19 per share, for a total transaction of $98,869.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.40% of the company’s stock.
Calamos Asset Management Company Profile
Calamos Asset Management, Inc is a holding company. The Company is the manager of Calamos Investments LLC, which owns and manages its operating companies. The Company 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.
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