Deprince Race & Zollo Inc. lowered its stake in Communications Systems Inc. (NASDAQ:JCS) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,188 shares of the company’s stock after selling 60,227 shares during the period. Deprince Race & Zollo Inc. owned 4.47% of Communications Systems worth $1,886,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JCS. Bank of New York Mellon Corp raised its stake in shares of 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 worth $100,000 after buying an additional 38 shares in the last quarter. Teton Advisors Inc. raised its stake 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 worth $2,639,000 after buying an additional 73,200 shares in the last quarter. Gabelli Funds LLC raised its stake 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 worth $2,732,000 after buying an additional 152,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake 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 worth $4,098,000 after buying an additional 137,883 shares in the last quarter. Institutional investors and hedge funds own 33.48% of the company’s stock.

Institutional Ownership by Quarter for Communications Systems (NASDAQ:JCS)

Communications Systems Inc. (NASDAQ:JCS) traded down 0.5894% on Monday, hitting $4.6723. The stock had a trading volume of 42,240 shares. Communications Systems Inc. has a 1-year low of $3.41 and a 1-year high of $8.59. The stock’s 50-day moving average is $4.38 and its 200 day moving average is $5.89. The firm’s market capitalization is $41.41 million.

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Separately, Zacks Investment Research lowered Communications Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th.

In other Communications Systems news, Director Curtis A. Sampson bought 31,950 shares of Communications Systems stock in a transaction on Friday, November 11th. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $133,551.00. Following the completion of the purchase, the director now directly owns 610,173 shares of the company’s stock, valued at $2,550,523.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.50% of the stock is currently owned by company insiders.

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.

5 Day Chart for NASDAQ:JCS

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