Insider Buying: Communications Systems Director Acquires 1,993 Shares of Stock (JCS)
Communications Systems (NYSE:JCS) Director Curtis A. Sampson purchased 1,993 shares of Communications Systems stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $11.22 per share, with a total value of $22,361.46. Following the transaction, the director now directly owns 593,339 shares in the company, valued at approximately $6,657,264. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Communications Systems (NYSE:JCS) opened at 11.35 on Friday. Communications Systems has a 52 week low of $9.57 and a 52 week high of $13.92. The stock has a 50-day moving average of $11.99 and a 200-day moving average of $11.88. The company’s market cap is $97.6 million.
Communications Systems (NYSE:JCS) last released its earnings data on Tuesday, March 11th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $25.80 million.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Thursday, June 12th.
Communications Systems, Inc (NYSE:JCS) is engaged through its Suttle and Austin Taylor business units in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems and through its Transition Networks business unit in the manufacture and sale of media and rate conversion products for telecommunications networks.
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