Credit Suisse Assumes Calamos Asset Management Inc to Underperform

Brokerage firm Credit Suisse Assumes its rating on Calamos Asset Management Inc(NASDAQ:CLMS). The shares have been rated Underperform. The rating by Credit Suisse was issued on Jul 14, 2016.

In a different note, On Jun 20, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Calamos Asset Management Inc. In the research note, the firm Lowers the price-target to $8.50 per share. The shares have been rated ‘Market Perform’ by the firm.

Calamos Asset Management Inc (CLMS) made into the market gainers list on Mondays trading session with the shares advancing 1.28% or 0.09 points. Due to strong positive momentum, the stock ended at $7.14, which is also near the day’s high of $7.27. The stock began the session at $7.02 and the volume stood at 1,06,531 shares. The 52-week high of the shares is $12.35 and the 52 week low is $6.72. The company has a current market capitalization of $147 M and it has 2,05,30,671 shares in outstanding.

Calamos Asset Management Inc(CLMS) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $48.50M. Analysts had an estimated revenue of $52.40M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Robert Behan (President, Head of Global Dist) purchased 0 shares at $7.80 per share price.Also, On May 26, 2016, William N Shiebler (director) purchased 19 shares at $7.80 per share price.On May 26, 2016, Keith M Schappert (director) purchased 19 shares at $7.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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