By Paul Price
Calamos Asset Management (CLMS) has seen a spate of insider buying in recent months.
The trend continued on Mar. 8th, 13th, and 14th with new buys by the CEO, COO and a Director. The insider purchases are especially significant as they have been continuing at sequentially higher prices. Insiders paid as much as $11.66 per share.
The stock was knocked down a bit over 4% on Wednesday after a brokerage firm told its clients to take profits. There was no other news. Insiders have continued buying.
At yesterday’s close of $11.20 the stock yields 4.46%.
(Charts from Insider Cow)