On January 30, 2025, Thomas Herman, Vice President and Chief Financial Officer of Calamos Advisors LLC, purchased 23,190 shares of Calamos Strategic Total Return Fund (CSQ, Financial). Following this transaction, the insider now owns a total of 23,190 shares in the company.
Calamos Strategic Total Return Fund (CSQ) is a closed-end fund that seeks total return through a combination of capital appreciation and current income. The fund invests in a diversified portfolio of equities, convertible securities, and high-yield corporate bonds.
The insider transaction history for Calamos Strategic Total Return Fund indicates that there has been one insider buy and zero insider sells over the past year. This recent purchase by Thomas Herman marks the only insider buy within this timeframe.
On the day of the purchase, shares of Calamos Strategic Total Return Fund were trading at $18.31 each, resulting in a market cap of $2.942 billion. The fund's price-earnings ratio stands at 3.42, which is lower than the industry median of 10.05 and also below the company's historical median price-earnings ratio.
This insider buying activity by Thomas Herman, who has purchased a total of 23,190 shares over the past year and sold none, may be of interest to investors monitoring insider trends and the valuation metrics of Calamos Strategic Total Return Fund.
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