Northland Securities set a $6.00 price objective on Communications Systems, Inc. (NASDAQ:JCS) in a research note published on Wednesday morning. The firm currently has a buy rating on the communications equipment provider’s stock.

Separately, ValuEngine raised shares of Communications Systems from a strong sell rating to a sell rating in a research note on Tuesday, June 6th.

Communications Systems (JCS) traded down 3.22% on Wednesday, reaching $3.61. The company had a trading volume of 59,982 shares. The stock’s market cap is $32.33 million. Communications Systems has a one year low of $3.41 and a one year high of $5.74. The company has a 50-day moving average of $4.09 and a 200 day moving average of $4.40.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.16 dividend on an annualized basis and a yield of 4.43%. Communications Systems’s dividend payout ratio (DPR) is -16.33%.

A number of hedge funds and other institutional investors have recently made changes to their positions in JCS. Gamco Investors INC. ET AL boosted its stake in Communications Systems by 5.2% in the first quarter. Gamco Investors INC. ET AL now owns 754,049 shares of the communications equipment provider’s stock worth $3,318,000 after buying an additional 37,400 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Communications Systems by 4.3% in the first quarter. Renaissance Technologies LLC now owns 353,000 shares of the communications equipment provider’s stock worth $1,553,000 after buying an additional 14,600 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Communications Systems by 33.7% in the second quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock worth $129,000 after buying an additional 7,514 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Communications Systems by 22.1% in the first quarter. Goldman Sachs Group Inc. now owns 27,648 shares of the communications equipment provider’s stock worth $122,000 after buying an additional 5,012 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Communications Systems by 1.3% in the first quarter. Gabelli Funds LLC now owns 396,000 shares of the communications equipment provider’s stock worth $1,742,000 after buying an additional 5,000 shares during the last quarter. 31.10% of the stock is currently owned by institutional investors and hedge funds.

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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