John Calamos Sr. (Insider Trades), chairman, CEO, global Co-CIO and 10% owner of Calamos Asset Management Inc. (CLMS), bought 39,538 shares of the company on July 9, 2015. The average price per share was $11.97, and the transaction total was $475,038. Calamos Asset Management Inc. is a diversified investment management firm with a market cap of 251.91 million and a P/S ratio of 1.01.
Insider buys outnumber insider sells of the company; there have only been two insider sells of 10,000 shares total, compared to 248 insider buys of Calamos since January 2012. The volume of insider buys is inversely correlated to month end price for the company, and the two sells correspond to an increase in month end price. John Calamos bought 3.75 million shares of the company since February 2007, and holds 5.53% of shares outstanding. Calamos Senior Vice President and CFO Nimish Bhatt (Insider Trades) bought 570 shares of Calamos Asset Management at an average price of $12.21 per share on May 29, 2015. The company also bought back 17,990 shares at the average price of $11.99 per share on June 12, 2015. For more information about insider transactions with Calamos Asset Management Inc., click here. Continue Reading »