In August, when the company traded in the low to mid 20s range, Calamos repurchased $29.2 million (1,212,200 shares) worth of stock, representing 5.4% of its outstanding shares. This concluded the previous buyback program approved last October in which the CLMS was authorized to purchase up to two million shares. Further, the Board of Directors still believes the company is undervalued and just announced a new plan to repurchase up to two million additional shares or 10% of the company.

Credit Suisse said it is downgrading Calamos Asset Management (CLMS) to Neutral from Outperform. Stock has essentially reached its $32 target price.

Credit Suisse said it is upgrading Calamos Asset Management (CLMS) to Outperform from Neutral based on improved fund performance and net flow expectations. Raised target price to $29 from $27.

Downgraded by Goldman Sachs from Neutral to Sell

Calamos Asset Management, Inc. (CAM) offer clients a range of investment products designed to suit their individual investment needs. The Company's target clients are institutions and individuals with long-term investment horizons.

Calamos is an asset management company going through a problematic growth spurt that has effected portfolio returns. They have a great history of making money and their performance has already begun to recover. As a mangement company, assets are up 10% year over year and they make more money by managing more assets.