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Rating:Calamos Doubles Down on Calamos Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 25, 2013

Calamos Doubles Down on Calamos

Reported by Tommy Fernandez

Call it an incredible personal vote of confidence.

After a tumultuous six months, John Calamos has increased his personal stake in the asset manager he founded, Calamos, by about 176,00 shares, or 23 percent.

It has indeed been an interesting six months for the firm. In the fall the founder's nephew, Nick Calamos, left his position as president and co-chief investment officer. Earlier this month, the firm named Jim Boyne as the new president. A few weeks later, the firm saw the departure of its chief administrative officer.

Calamos' growth in ownership was executed by 60 incremental purchases transacted between February 20th and the 22nd. He was also awarded 142,586 shares by the company on February 14th.

Calamos shares closed at $11 at 2:40pm this afternoon, up more than four percent since January 1 but down almost 11 percent year-over-year.

Calamos outlined his plans for growing the firm when talking to investors earlier this month.  

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