Gould Asset Management LLC CA acquired a new stake in Communications Systems, Inc. (NASDAQ:JCS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,138 shares of the communications equipment provider’s stock, valued at approximately $124,000. Gould Asset Management LLC CA owned approximately 0.33% of Communications Systems at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JCS. Macquarie Group Ltd. acquired a new position in Communications Systems during the 3rd quarter worth approximately $119,000. Ameriprise Financial Inc. lifted its position in Communications Systems by 33.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock worth $129,000 after acquiring an additional 7,514 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Communications Systems by 22.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 27,648 shares of the communications equipment provider’s stock worth $122,000 after acquiring an additional 5,012 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Communications Systems by 4.3% during the 1st quarter. Renaissance Technologies LLC now owns 353,000 shares of the communications equipment provider’s stock worth $1,553,000 after acquiring an additional 14,600 shares in the last quarter. 32.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Communications Systems, Inc. (NASDAQ JCS) opened at $3.72 on Tuesday. Communications Systems, Inc. has a twelve month low of $3.41 and a twelve month high of $5.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 4.30%. Communications Systems’s dividend payout ratio is presently -11.94%.

In other Communications Systems news, Director Curtis A. Sampson acquired 10,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average cost of $3.97 per share, for a total transaction of $39,700.00. Following the acquisition, the director now directly owns 634,636 shares of the company’s stock, valued at $2,519,504.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.50% of the stock is owned by insiders.

Several research firms recently commented on JCS. Northland Securities set a $6.00 price target on Communications Systems and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. ValuEngine raised Communications Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered Communications Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

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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.

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

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