Communications Systems, Inc. (NASDAQ:JCS) Director Curtis A. Sampson acquired 10,000 shares of Communications Systems stock in a transaction dated Wednesday, September 6th. The shares were bought at an average price of $3.97 per share, for a total transaction of $39,700.00. Following the transaction, the director now owns 634,636 shares of the company’s stock, valued at $2,519,504.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Communications Systems, Inc. (NASDAQ JCS) traded down 4.18% during midday trading on Thursday, reaching $3.90. 8,124 shares of the company traded hands. The firm’s market capitalization is $34.93 million. Communications Systems, Inc. has a 1-year low of $3.41 and a 1-year high of $5.68. The stock has a 50 day moving average price of $3.97 and a 200 day moving average price of $4.34.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.10%. Communications Systems’s dividend payout ratio (DPR) is -16.33%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of JCS. Gamco Investors INC. ET AL raised its stake in Communications Systems by 5.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 754,049 shares of the communications equipment provider’s stock valued at $3,318,000 after purchasing an additional 37,400 shares during the last quarter. Gabelli Funds LLC raised its stake in Communications Systems by 1.3% in the 1st quarter. Gabelli Funds LLC now owns 396,000 shares of the communications equipment provider’s stock valued at $1,742,000 after purchasing an additional 5,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in Communications Systems by 4.3% in the 1st quarter. Renaissance Technologies LLC now owns 353,000 shares of the communications equipment provider’s stock valued at $1,553,000 after purchasing an additional 14,600 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Communications Systems by 22.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 27,648 shares of the communications equipment provider’s stock valued at $122,000 after purchasing an additional 5,012 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Communications Systems by 33.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock valued at $129,000 after purchasing an additional 7,514 shares during the last quarter. 31.80% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on JCS shares. Northland Securities set a $6.00 price objective on shares of Communications Systems and gave the company a “buy” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of Communications Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Communications Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

Communications Systems Company Profile

Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.

Insider Buying and Selling by Quarter for Communications Systems (NASDAQ:JCS)

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