November 30, 2016 - By Peter Kolinski
Director Curtis Sampson of Communications Systems Inc, acquired 14,550 of the Minnesota-based company shares valued at near $68,385 U.S Dollars with an average of $4.7 price for each share. In the last 30 days, he also obtained 31,950 shares worth approximately $133,423 USD. The date was 30/11/2016 when Curtis executed the transaction, and it was unveiled in a filing with the SEC, available online on this website. The chance of this purchase staying a secret is quite small because it’s new, with Curtis Sampson now having ownership of 1.06 million shares — that is 11.94% of the company’s market cap.
Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.02, from 0.77 in 2016Q1. The ratio dived, as 7 funds sold all Communications Systems, Inc. shares owned while 6 reduced positions. 1 funds bought stakes while 9 increased positions. They now own 3.38 million shares or 10.82% more from 3.05 million shares in 2016Q1.
Deprince Race & Zollo last reported 0.06% of its portfolio in the stock. Bridgeway Capital Mngmt Incorporated last reported 63,800 shares in the company. Teton Advsrs last reported 378,590 shares in the company. Moreover, Gamco Invsts Incorporated Et Al has 0.03% invested in Communications Systems, Inc. (NASDAQ:JCS) for 587,958 shares. Ameriprise Financial has invested 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS). The New York-based Morgan Stanley has invested 0% in Communications Systems, Inc. (NASDAQ:JCS). Gabelli Funds Ltd Liability Corporation holds 0.02% or 392,000 shares in its portfolio. Nationwide Fund Advisors has 0% invested in the company for 2,369 shares. Bank Of America De, a North Carolina-based fund reported 1,600 shares. Crawford Counsel has 0.02% invested in the company for 59,637 shares. Brave Asset Inc holds 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS) for 400 shares. Savings Bank Of New York Mellon Corporation has 14,337 shares for 0% of their US portfolio. Tower Rech Capital Ltd Llc (Trc) accumulated 0% or 1,611 shares. Brandywine Glob Inv Mgmt Limited Liability Com reported 4,700 shares or 0% of all its holdings. Deutsche Bank Ag accumulated 0% or 11,682 shares.
Insider Transactions: Since June 9, 2016, the stock had 5 insider purchases, and 0 sales for $176,419 net activity. On Friday, November 18 Blackwood Bruce C bought $9,890 worth of the stock or 2,300 shares. $133,423 worth of shares were bought by SAMPSON CURTIS A on Friday, November 11.
About 33,929 shares traded hands or 80.36% up from the average. Communications Systems, Inc. (NASDAQ:JCS) has declined 21.70% since April 27, 2016 and is downtrending. It has underperformed by 26.92% the S&P500.
Communications Systems, Inc. operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The company has a market cap of $46.94 million. The Firm operates through three divisions: Suttle, Transition Networks and JDL Technologies (JDL). It currently has negative earnings. The Firm provides physical connectivity infrastructure services and products for global deployments of broadband networks.
According to Zacks Investment Research, “Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the Suttle brand name in the United States and internationally. The company also manufactures a line of high performance fiber-optic connectors, interconnect devices and fiber cable assemblies for the telecommunications, computer and electronics markets. The company has several manufacturing plants in the United States and abroad.”
Analysts await Communications Systems, Inc. (NASDAQ:JCS) to report earnings on March, 8. They expect $-0.08 EPS, up 87.88% or $0.58 from last year’s $-0.66 per share. After $-0.14 actual EPS reported by Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.
More recent Communications Systems, Inc. (NASDAQ:JCS) news were published by: Fool.com which released: “Why Brocade Communications Systems, Inc. Stock Jumped Today” on November 02, 2016. Also Businesswire.com published the news titled: “Communications Systems, Inc. Reports Third Quarter 2016 Financial Results” on November 03, 2016. Prnewswire.com‘s news article titled: “Brocade Communications Systems Inc. Acquisition May Not Be in the Best ..” with publication date: November 04, 2016 was also an interesting one.
Communications Systems, Inc. (CSI), incorporated on December 22, 1969, operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Firm operates through three divisions: Suttle, Transition Networks and JDL Technologies (JDL). The Firm provides physical connectivity infrastructure services and products for global deployments of broadband networks. The Firm is principally engaged through its subsidiary and business unit, Suttle, Inc., in the manufacture and sale of connectivity infrastructure products for broadband and voice communications, and through its another subsidiary and business unit, Transition Networks, Inc., in the manufacture and sale of core media conversion products for broadband networks.
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