Raymond James Financial Inc. Makes New $4.53 Million Investment in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ)

Raymond James Financial Inc. bought a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 305,270 shares of the company’s stock, valued at approximately $4,527,000.

Other hedge funds also recently modified their holdings of the company. Rivernorth Capital Management LLC grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the third quarter. Rivernorth Capital Management LLC now owns 584,400 shares of the company’s stock worth $9,168,000 after purchasing an additional 3,968 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 197,120 shares of the company’s stock valued at $2,923,000 after buying an additional 1,059 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 57.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 77,586 shares of the company’s stock worth $1,151,000 after buying an additional 28,301 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 7.9% during the 4th quarter. Private Advisor Group LLC now owns 59,050 shares of the company’s stock worth $876,000 after buying an additional 4,300 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 7.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 41,097 shares of the company’s stock valued at $610,000 after acquiring an additional 3,019 shares during the last quarter.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 0.3 %

Shares of NASDAQ:CPZ opened at $15.55 on Wednesday. The firm’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a fifty-two week low of $14.67 and a fifty-two week high of $16.03.

Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 13th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.80%.

Insider Transactions at Calamos Long/Short Equity & Dynamic Income Term Trust

In related news, CFO Thomas E. Herman sold 13,392 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total value of $208,647.36. Following the completion of the transaction, the chief financial officer now directly owns 13,391 shares in the company, valued at approximately $208,631.78. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.