Short Interest: Calamos Asset Management Incorporated (NASDAQ:CLMS)’s Trend Unknown, Especially After Increased Shorts

November 29, 2016 - By Nellie Frank   ·   0 Comments

Short Interest: Calamos Asset Management Incorporated (NASDAQ:CLMS)’s Trend Unknown, Especially After Increased Shorts

The stock of Calamos Asset Management Incorporated (NASDAQ:CLMS) registered an increase of 25.25% in short interest. CLMS’s total short interest was 494,100 shares in November as published by FINRA. Its up 25.25% from 394,500 shares, reported previously. With 101,200 shares average volume, it will take short sellers 5 days to cover their CLMS’s short positions. The short interest to Calamos Asset Management Incorporated’s float is 2.66%. The stock decreased 2.08% or $0.15 during the last trading session, hitting $7.06. Calamos Asset Management, Inc (NASDAQ:CLMS) has declined 22.76% since April 26, 2016 and is downtrending. It has underperformed by 28.02% the S&P500.

Calamos Asset Management, Inc. is a holding company. The company has a market cap of $146.78 million. The Firm is the manager of Calamos Investments LLC, which owns and manages its operating companies. It has a 143.26 P/E ratio. The Firm provides investment advisory services to individuals and institutional investors through investment products that include open-end and closed-end funds , an exchange traded fund, separate accounts, offshore funds and partnerships.

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.34, from 0.95 in 2016Q1. The ratio improved, as 13 funds sold all Calamos Asset Management, Inc shares owned while 24 reduced positions. 5 funds bought stakes while 30 increased positions. They now own 11.70 million shares or 1.62% less from 11.89 million shares in 2016Q1.
Citigroup Inc, a New York-based fund reported 13,996 shares. California State Teachers Retirement last reported 0% of its portfolio in the stock. Comerica Bankshares last reported 0% of its portfolio in the stock. State Of Tennessee Treasury Department reported 13,621 shares or 0% of all its holdings. Bancorporation Of New York Mellon accumulated 271,742 shares or 0% of the stock. Blackrock Advisors Limited Liability accumulated 0% or 9,413 shares. Virginia Retirement System Et Al holds 0% or 37,800 shares in its portfolio. Pinebridge L P has 2,026 shares for 0% of their US portfolio. Tiaa Cref Inv Ltd Liability Corporation holds 111,094 shares or 0% of its portfolio. State Bank Of America Corporation De has 9,650 shares for 0% of their US portfolio. Ameriprise Finance, a Minnesota-based fund reported 109,323 shares. Moreover, Dimensional Fund Advisors L P has 0% invested in Calamos Asset Management, Inc (NASDAQ:CLMS) for 922,171 shares. Victory Cap Mngmt has invested 0% of its portfolio in Calamos Asset Management, Inc (NASDAQ:CLMS). Ny State Teachers Retirement, a New York-based fund reported 62,653 shares. Eagle Glob Advsrs Ltd Liability Corporation accumulated 0.02% or 81,810 shares.

Insider Transactions: Since August 23, 2016, the stock had 9 insider purchases, and 0 selling transactions for $205,551 net activity. 22 shares were bought by SHIEBLER WILLIAM N, worth $157. EGGERS THOMAS F bought $363 worth of stock or 51 shares. 22 shares were bought by SCHAPPERT KEITH M, worth $157 on Tuesday, November 22. CALAMOS JOHN P SR also bought $98,814 worth of Calamos Asset Management, Inc (NASDAQ:CLMS) shares. 633 Calamos Asset Management, Inc (NASDAQ:CLMS) shares with value of $4,502 were bought by Behan Robert.

Calamos Asset Management, Inc (NASDAQ:CLMS) Ratings Coverage

Out of 4 analysts covering Calamos Asset Management (NASDAQ:CLMS), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. $10 is the highest target while $7 is the lowest. The $8.63 average target is 22.24% above today’s ($7.06) stock price. Calamos Asset Management has been the topic of 8 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Friday, July 15 by Credit Suisse. The rating was upgraded by Keefe Bruyette & Woods on Monday, June 20 to “Mkt Perform”. The stock of Calamos Asset Management, Inc (NASDAQ:CLMS) earned “Buy” rating by TheStreet on Thursday, August 27. Wood upgraded Calamos Asset Management, Inc (NASDAQ:CLMS) rating on Monday, June 20. Wood has “Market Perform” rating and $7.50 price target. The firm earned “Underperform” rating on Thursday, September 3 by Wood.

CLMS Company Profile

Calamos Asset Management, Inc., incorporated on July 23, 2004, is a holding company. The Firm is the manager of Calamos Investments LLC, which owns and manages its operating companies. The Firm 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. The subsidiaries through which the Company provides these services include Calamos Advisors LLC (CAL), an investment advisor; Calamos Financial Services LLC (CFS), a broker-dealer; Calamos Wealth Management LLC, an investment advisor, and Calamos Investments LLP, a United Kingdom investment advisor, and a distributor of the offshore funds and Company products.

More news for Calamos Asset Management, Inc (NASDAQ:CLMS) were recently published by: Prnewswire.com, which released: “Calamos Asset Management, Inc. Reports Third Quarter 2016 Results and Declares …” on October 27, 2016. Prnewswire.com‘s article titled: “Calamos Asset Management, Inc. Announces Third Quarter 2016 Investor …” and published on October 12, 2016 is yet another important article.

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By Nellie Frank


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