JOHN CALAMOS SR., CEO of Calamos Asset Management (Stock Symbol: CLMS), bought 37,127 shares at $11.36 per share for a total amount of $422,000 on December 20, 2013.
Company Name is headquartered in Napelville, Illinois.
On December 14th 2013, Calamos Asset Management, Inc. (CLMS), a global investment firm, today announced that Nick Calamos is leaving the Calamos Board of Directors to further pursue his interests in education and philanthropy. The move follows his decision to step away from his day-to-day role with the firm in August 2012 and his agreement to sell to John P. Calamos, Sr. his private interest in Calamos Family Partners. The separation agreement includes non-compete and non-solicitation provisions which extend for a period of four years following Nick’s departure.
On October 22nd 2013, Calamos Asset Management announced its latest quarterly results. Revenues for the third quarter were $65.0 million compared to $66.7 million in the previous quarter. Operating margin was 23.7% for the third quarter and 27.6% in the previous quarter.
Total Assets were $27.5 billion at September 30, 2013 compared to $26.6 billion at the end of last quarter.
According to Capital IQ, [Company Name] has a market cap of $241 million, trailing 12 month revenues of $279 million.
Calamos Asset Management, Inc. (CAM) is a holding company. As of December 31, 2011, the Company owned 21.9% interest in Calamos Investments LLC (Calamos Investments). CAM, together with Calamos Investments and Calamos Investments’ subsidiaries, operates the investment advisory and distribution services businesses. The Company primarily provides investment advisory services to individuals and institutional investors through a series of investment products that include open-end and closed-end funds (Funds), 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); Calamos Wealth Management LLC, an investment advisor, and Calamos International LLP, an investment advisor and a global distributor of the Offshore Funds and Company products.
John Calamos Sr.’s most recent annual compensation from Calamos Asset Management is a salary of $3.6 million. Mr. Calamos is 73 years old.
According to the biography, Mr. John P. Calamos, Sr., is Chairman of the Board, Chief Executive Officer, Global Co-Chief Investment Officer of Calamos Asset Management Inc. Previously, he enlisted in the United States Air Force and ultimately earned the rank of Major. Mr. Calamos received his undergraduate degree in economics and an MBA in finance from the Illinois Institute of Technology. He is a member of the Investment Analysts Society of Chicago.
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