Curtis A. Sampson Purchases 31,950 Shares of Communications Systems Inc. (JCS) Stock
Communications Systems Inc. (NASDAQ:JCS) Director Curtis A. Sampson purchased 31,950 shares of Communications Systems stock in a transaction dated Friday, November 11th. The shares were purchased at an average cost of $4.18 per share, for a total transaction of $133,551.00. Following the completion of the transaction, the director now owns 610,173 shares of the company’s stock, valued at $2,550,523.14. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Communications Systems Inc. (NASDAQ:JCS) opened at 4.26 on Thursday. The firm has a 50-day moving average of $4.43 and a 200 day moving average of $6.01. The firm’s market capitalization is $37.75 million. Communications Systems Inc. has a 52 week low of $3.41 and a 52 week high of $8.59.
Separately, Zacks Investment Research upgraded shares of Communications Systems from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Wednesday, November 9th.
Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in Communications Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 14,337 shares of the company’s stock valued at $100,000 after buying an additional 38 shares during the period. Teton Advisors Inc. raised its position in shares of Communications Systems by 24.0% in the second quarter. Teton Advisors Inc. now owns 378,590 shares of the company’s stock valued at $2,639,000 after buying an additional 73,200 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock valued at $2,732,000 after buying an additional 152,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Communications Systems by 30.6% in the second quarter. Gamco Investors INC. ET AL now owns 587,958 shares of the company’s stock valued at $4,098,000 after buying an additional 137,883 shares in the last quarter. Hedge funds and other institutional investors own 37.43% of the company’s stock.
About Communications Systems
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.
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