Calamos Global Dynamic Income Fund (NASDAQ:CHW) PT Lowered to $6.00 at Royal Bank of Canada

Calamos Global Dynamic Income Fund (NASDAQ:CHW) had its price target dropped by investment analysts at Royal Bank of Canada from $8.00 to $6.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “underperform” rating on the investment management company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 3.45% from the stock’s previous close.

Calamos Global Dynamic Income Fund Price Performance

Shares of NASDAQ CHW traded up $0.02 during mid-day trading on Tuesday, reaching $5.80. The company had a trading volume of 167,821 shares, compared to its average volume of 146,318. The stock has a fifty day moving average of $6.01 and a two-hundred day moving average of $5.93. Calamos Global Dynamic Income Fund has a 12-month low of $5.33 and a 12-month high of $7.09.

Institutional Trading of Calamos Global Dynamic Income Fund

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Calamos Global Dynamic Income Fund by 138.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,308 shares of the investment management company’s stock worth $26,000 after buying an additional 2,500 shares during the last quarter. Captrust Financial Advisors acquired a new position in Calamos Global Dynamic Income Fund in the second quarter worth approximately $42,000. SeaCrest Wealth Management LLC acquired a new position in Calamos Global Dynamic Income Fund in the second quarter worth approximately $72,000. Lido Advisors LLC acquired a new position in Calamos Global Dynamic Income Fund in the first quarter worth approximately $92,000. Finally, Cetera Investment Advisers increased its holdings in Calamos Global Dynamic Income Fund by 49.4% in the fourth quarter. Cetera Investment Advisers now owns 21,788 shares of the investment management company’s stock worth $122,000 after buying an additional 7,200 shares during the last quarter.

Calamos Global Dynamic Income Fund Company Profile

Calamos Global Dynamic Income Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.