Fosun International Ltd purchased a new stake in shares of Communications Systems, Inc. (NASDAQ:JCS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,975 shares of the communications equipment provider’s stock, valued at approximately $241,000. Fosun International Ltd owned 0.58% of Communications Systems as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in Communications Systems by 709.3% in the 4th quarter. Acadian Asset Management LLC now owns 48,653 shares of the communications equipment provider’s stock worth $300,000 after purchasing an additional 42,641 shares during the period. EAM Investors LLC bought a new position in shares of Communications Systems in the fourth quarter worth approximately $699,000. Alambic Investment Management L.P. bought a new position in shares of Communications Systems in the fourth quarter worth approximately $629,000. Trexquant Investment LP purchased a new position in shares of Communications Systems in the fourth quarter worth $93,000. Finally, Renaissance Technologies LLC raised its holdings in Communications Systems by 24.8% during the 4th quarter. Renaissance Technologies LLC now owns 713,811 shares of the communications equipment provider’s stock valued at $4,404,000 after buying an additional 141,631 shares during the last quarter. 34.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Communications Systems from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. ValuEngine upgraded Communications Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, Northland Securities reiterated a “buy” rating and issued a $8.00 price objective on shares of Communications Systems in a report on Monday, May 18th.
NASDAQ:JCS traded up $0.14 during trading hours on Friday, hitting $5.00. The company had a trading volume of 22,160 shares, compared to its average volume of 26,146. The stock has a 50-day moving average price of $5.07 and a 200 day moving average price of $6.08. The company has a market capitalization of $45.45 million, a PE ratio of 5.86 and a beta of 1.18. Communications Systems, Inc. has a 52 week low of $2.66 and a 52 week high of $9.90.
Communications Systems (NASDAQ:JCS) last posted its earnings results on Thursday, May 14th. The communications equipment provider reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.18. Communications Systems had a net margin of 13.30% and a return on equity of 10.49%. The firm had revenue of $9.16 million during the quarter, compared to analysts’ expectations of $11.40 million. On average, sell-side analysts forecast that Communications Systems, Inc. will post -0.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 1.60%. Communications Systems’s dividend payout ratio (DPR) is presently 400.00%.
About Communications Systems
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
Featured Article: What is a Lock-Up Period?
Want to see what other hedge funds are holding JCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Communications Systems, Inc. (NASDAQ:JCS).
Receive News & Ratings for Communications Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Communications Systems and related companies with MarketBeat.com's FREE daily email newsletter.