John Calamos Insider Buy Transaction
We discovered in a report submitted to the SEC that John Calamos, who works for Calamos Asset Management, Inc (NASDAQ:CLMS)
Calamos Asset Management Inc Stock Rating, Sentiment and Fundamentals
Based on the value of the deal, it can safely be said that Mr. John has a very optimistic view of the Illinois-based company’s value. According to the three equity specialist analysts that are covering Calamos Asset Management Inc’s future, there is an expectation of earnings for every share of $0.25 for the 2015 year, which gives Calamos Asset Management Inc a P/E ratio of 37.21. Thus, the year-on-year growth rate is forecasted to be greater than -1.05%.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||SELL|
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Despite the confidence given by John’s stock investment, our tested time-momentum model is not flashing Buy. Calamos Asset Management Inc’s share price is still trending downward from the last 200 days, during which it has decreased 26.25 %.
Price Chart of Calamos Asset Management NASDAQ:CLMS Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
Data gathered from 13F SEC filings, reveal that 113 hedge funds and institutional investors own shares in Calamos Asset Management Inc. In the last quarter, Calamos Asset Management Inc had 60.74 % institutional ownership. That is a high interest. Its down 4.22 % from previous quarter. These stock owners decreased the total shares they own by 550,110 to 12.47 million this quarter. A total of 9 funds closed their positions in Calamos Asset Management Inc and 39 reduced their holdings. There were 9 funds that created new positions and 40 funds that added to their positions.
Ancora Advisors Llc had the greatest investment with ownership of 74,200 shares as of Q2 2015 for 0.11% of the fund’s portfolio. Wcm Investment Management Ca is another positive investment manager possessing 795,379 shares of the company or 0.22% of their stocks portfolio. The Arizona-based fund Leonard Capital Management Inc have 0.35% of their stock portfolio invested in the stock for 82,860 shares. Further, The Ohio-based fund Oak Associates Ltd Oh revealed it had purchased a stake worth 0.05% of the fund’s stock portfolio in the company. The Texas-based fund Eagle Global Advisors Llc was also a big follower of the publicly listed company, possessing 45,870 shares. Calamos Asset Management Inc is 0.01% of the fund’s stock portfolio.
Calamos Asset Management NASDAQ:CLMS Company Profile
Calamos Asset Management, Inc. (CAM) 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.
Company Website: Calamos Asset Management
Calamos Asset Management Inc was incorporated in Delaware on 2004-07-23. The company has 363 employees. Today its market value is: $190.73 million and it has 20.55 million outstanding shares. Currently the company has 61.34% shareholders and the institutional ownership stands at 61.34%. The stock closed at $9.29 yesterday and it had average 2 days volume of 27656 shares. It is up from the 30 days average shares volume of 26752. Calamos Asset Management Inc has a 52w low of $8.77 and a one year high of $13.98. The current price is below the 200 days SMA. Calamos Asset Management Inc last issued its quarterly earnings stats on 10/27/2015. The company reported 0.18 EPS for the quarter, above the consensus estimate of 0.12 by 0.06. The company had a revenue of 56.90 million for 9/30/2015 and 59.63 million for 6/30/2015. Therefore, the revenue was -2,729,000 down.
John Calamos is also Chief Executive Officer of Calamos Convertible Opportunities & Income Fund, Calamos Convertible & High Income Fund, Calamos Strategic Total Return Fund, Calamos Global Total Return Fund, President of Calamos Dynamic Convertible & Income Fund.
* THE SHARE PURCHASES IN THIS FORM 4 ARE NOT DIRECTLY FOR THE INDIVIDUAL – PERSONAL ACCOUNTS OF JOHN P. CALAMOS – SR. THESE TRANSACTIONS REFLECT THE PURCHASE OF CALAMOS ASSET MANAGEMENT – INC. (CAM) SHARES BY CALAMOS INVESTMENTS LLC (CILLC) PRIMARILY TO MANAGE DILUTION RESULTING FROM AND POTENTIALLY TO FULFILL THE REQUIREMENTS OF CAM’S EQUITY COMPENSATION PLAN. JOHN P. CALAMOS – SR. OWNS A CONTROLLING INTEREST IN CALAMOS FAMILY PARTNERS – INC. – WHICH IN TURN OWNS 77.8% OF CILLC. AS A RESULT – JOHN P. CALAMOS – SR. AND CALAMOS FAMILY PARTNERS – INC. ARE REQUIRED TO FILE THIS FORM 4 RELATING TO TRANSACTIONS OF THE CORPORATE REPURCHASE PROGRAM OCCURRING THROUGH CILLC.
* Total represents 488 – 040.2590 shares of Class A Common Stock and 654 – 035 Restricted Stock Units (which will be settled solely in shares of Class A Common Stock).
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