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.
Calamos Asset Management Inc. owns 22.2% of Calamos Investments LLC, with the remaining portion privately owned by Calamos Family Partners Inc. In the first quarter of 2015, Calamos Investments LLC purchased 248,000 shares of CLMS for $3.1 million total. CLMS also completed the initial public offering of closed-end fund Calamos Dynamic Convertible and Income Fund on March 27, 2015. This added $530 million to assets under management for Calamos Asset Management Inc. Calamos Investments was awarded a pension scheme mandate from Associated British Foods plc on May 22, 2015. John Calamos stated that this partnership is “reflective of [Calamos Investment’s] commitment to both the UK and the broader global marketplace.” Net income for the company was $3.03 million in the first quarter of 2015. The company board of directors also announced a dividend of $0.15 per share to shareholders of record on May 14, 2015, effective May 28, 2015. Dividend of the company increased 16.03% in the last five years, and revenue decreased 7.62% in the same period of time. 
The EPS ratio was $0.74 as of December 2014. According to GuruFocus.com, this company's business predictability rank is one out of five starts. For more information about business predicatability rank, click here.
Two gurus increased their position in Calamos Asset Management Inc. in the first quarter of 2015. Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies LLC, bought 88,300 shares of the company at an average price of $12.90 per share. Simons increased his stake in the company by 42.39% with this transaction. Additionally, James Barrow (Trades, Portfolio) (Trades, Portfolio) of Barrow, Hanley, Mewhinney, and Strauss, bought 269,205 shares of Calamos Asset Management Inc. at an average price of $12.90 per share. For more information about guru transactions of Calamos Asset Management Inc., click here.
For more stock trades of gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
