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.
 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE