Today, Calamos Asset Management Inc. (CLMS) Stake Held by Virginia Retirement Systems ET AL

Today, Calamos Asset Management Inc. (CLMS) Stake Held by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL held its position in Calamos Asset Management Inc. (NASDAQ:CLMS) during the third quarter, Holdings Channel reports. The firm owned 37,800 shares of the closed-end fund’s stock at the end of the third quarter. Virginia Retirement Systems ET AL owned 0.18% of Calamos Asset Management worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC raised its position 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. BlackRock Fund Advisors raised its position in Calamos Asset Management by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,132,382 shares of the closed-end fund’s stock worth $8,278,000 after buying an additional 39,528 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Calamos Asset Management by 28.8% in the second quarter. California Public Employees Retirement System now owns 151,300 shares of the closed-end fund’s stock valued at $1,106,000 after buying an additional 33,800 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Calamos Asset Management by 141.1% in the second quarter. JPMorgan Chase & Co. now owns 55,963 shares of the closed-end fund’s stock valued at $409,000 after buying an additional 32,754 shares during the last quarter. Finally, State Street Corp raised its position in shares of Calamos Asset Management by 8.4% in the second quarter. State Street Corp now owns 380,664 shares of the closed-end fund’s stock valued at $2,782,000 after buying an additional 29,523 shares during the last quarter. 57.30% of the stock is owned by institutional investors and hedge funds.

Shares of Calamos Asset Management Inc. (NASDAQ:CLMS) traded up 1.26% on Friday, hitting $7.21. The stock had a trading volume of 38,036 shares. The firm has a 50-day moving average price of $6.53 and a 200-day moving average price of $7.01. Calamos Asset Management Inc. has a 52 week low of $5.94 and a 52 week high of $10.18. The stock has a market capitalization of $148.02 million, a P/E ratio of 160.22 and a beta of 1.05.

Calamos Asset Management (NASDAQ:CLMS) last posted its earnings results on Thursday, October 27th. The closed-end fund reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. Calamos Asset Management had a return on equity of 2.70% and a net margin of 0.45%. The company had revenue of $48.32 million for the quarter, compared to the consensus estimate of $48.38 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. Calamos Asset Management’s revenue was down 16.1% on a year-over-year basis. Equities analysts expect that Calamos Asset Management Inc. will post $0.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Tuesday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date was Friday, November 4th. Calamos Asset Management’s dividend payout ratio is 1,200.00%.

Separately, Zacks Investment Research raised Calamos Asset Management from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Wednesday, October 19th.

In other news, insider John P. Sr Calamos, Sr. bought 14,169 shares of the stock in a transaction on Tuesday, November 22nd. The shares were bought at an average price of $7.12 per share, with a total value of $100,883.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.40% of the stock is owned by company insiders.

About Calamos Asset Management

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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