Calamos Asset Management Inc (CLMS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Calamos Asset Management Inc (CLMS) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.05. The company posted revenue of $48.50 million in the period, compared to analysts expectations of $53.79 million. The company’s revenue was down -15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Calamos Asset Management Inc opened for trading at $9.23 and hit $9.48 on the upside on Friday, eventually ending the session at $9.4, with a gain of 1.73% or 0.16 points. The heightened volatility saw the trading volume jump to 85,468 shares. Company has a market cap of $193 M.

In a different news, on Mar 24, 2016, Family Partners, Inc. Calamos (CEO) purchased 8,201 shares at $8.48 per share price. According to the SEC, on Mar 10, 2016, Robert Behan (Pres., Head of Global Distrib.) purchased 167 shares at $8.69 per share price. On Mar 10, 2016, Nimish S Bhatt (CFO) purchased 952 shares at $8.69 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.

Calamos Asset Management Inc

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