Calamos Global Dynamic Income Fund (CHW) Earns Buy Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) in a research report sent to investors on Thursday, November 9th. The brokerage currently has a $14.50 price objective on the investment management company’s stock.

Calamos Global Dynamic Income Fund (NASDAQ CHW) traded up $0.01 on Thursday, hitting $9.11. 130,453 shares of the stock traded hands, compared to its average volume of 276,724. Calamos Global Dynamic Income Fund has a fifty-two week low of $6.95 and a fifty-two week high of $9.35.

The business also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, November 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.84 annualized dividend and a yield of 9.22%.

A number of hedge funds and other institutional investors have recently modified their holdings of CHW. Wedbush Securities Inc. lifted its position in Calamos Global Dynamic Income Fund by 15.8% during the 2nd quarter. Wedbush Securities Inc. now owns 18,776 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 2,561 shares during the period. National Asset Management Inc. lifted its position in Calamos Global Dynamic Income Fund by 8.5% during the 2nd quarter. National Asset Management Inc. now owns 78,800 shares of the investment management company’s stock valued at $673,000 after purchasing an additional 6,200 shares during the period. Advisor Group Inc. lifted its position in Calamos Global Dynamic Income Fund by 14.4% during the 2nd quarter. Advisor Group Inc. now owns 75,655 shares of the investment management company’s stock valued at $645,000 after purchasing an additional 9,511 shares during the period. Sigma Planning Corp increased its stake in shares of Calamos Global Dynamic Income Fund by 64.3% in the 3rd quarter. Sigma Planning Corp now owns 25,480 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 9,975 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Calamos Global Dynamic Income Fund in the 3rd quarter valued at about $104,000.

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About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment strategy is to generate a high level of current income with a secondary objective of capital appreciation. The Fund, under normal circumstances, will invest at least 40% of its managed assets in securities of foreign issuers in developed and emerging markets, including debt and equity securities of corporate issuers, and debt securities of government issuers.

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