Today’s 13GD Alert: Communications Systems Inc: Mario Gabelli’s Gamco Investors, Inc Et Al Opened Big New Position

Today's 13GD Alert: Communications Systems Inc: Mario Gabelli's Gamco Investors, Inc Et Al Opened Big New Position

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Communications Systems Inc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Communications Systems Inc. The form can be accessed here: 000080724916000495. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 7.9% or 699,991 shares of the Information Technology–company.

Communications Systems Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 30, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Communications Systems Inc Institutional Sentiment

Latest Security and Exchange filings show 30 investors own Communications Systems Inc. The institutional ownership in Q3 2015 is low, at 82.62% of the outstanding shares. This is increased by 4185130 the total institutional shares. 7319990 were the shares owned by these institutional investors. In total 1 funds opened new Communications Systems Inc stakes, 9 increased stakes. There were 4 that closed positions and 7 reduced them.

Advisory Research Inc is an institutional investor bullish on Communications Systems Inc, owning 73418 shares as of Q3 2015 for 0.01% of its portfolio. Bremer Trust National Association owns 18150 shares or 0.05% of its portfolio. GA Crawford Investment Counsel Inc have 0.02% of their stock portfolio for 61577 shares. Further, Teton Advisors Inc reported stake worth 0.17% of its US stock portfolio. The FL Deprince Race & Zollo Inc owns 410902 shares. Communications Systems Inc is 0.06% of the manager’s US portfolio.

Business 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. The Company 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. Through its JDL Technologies, Inc. subsidiary and business unit, CSI provides information technology (IT) solutions, including network design, computer infrastructure installations, IT service management, network security and network operation services.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.02, from 0.77 in 2016Q1. The ratio turned negative, 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.

Blackrock Fund Advsr holds 0% or 22,401 shares in its portfolio. Renaissance Tech Lc holds 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS) for 291,600 shares. California Public Employees Retirement last reported 26,400 shares in the company. Us Commercial Bank De has invested 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS). Deutsche Comml Bank Ag has 11,682 shares for 0% of their US portfolio. Brave Asset Mgmt, a New Jersey-based fund reported 400 shares. Nationwide Fund Advsr has 0% invested in the company for 2,369 shares. Gabelli Funds Lc last reported 392,000 shares in the company. Geode Mngmt Ltd last reported 27,972 shares in the company. Blackrock Inv Llc holds 1,353 shares or 0% of its portfolio. The New York-based Morgan Stanley has invested 0% in Communications Systems, Inc. (NASDAQ:JCS). Moreover, Brandywine Investment Mngmt Ltd has 0% invested in Communications Systems, Inc. (NASDAQ:JCS) for 4,700 shares. Bancorporation Of America De holds 0% or 1,600 shares in its portfolio. Crawford Invest Counsel holds 59,637 shares or 0.02% of its portfolio. Gamco Investors Incorporated Et Al owns 587,958 shares or 0.03% of their US portfolio.

Insider Transactions: Since June 9, 2016, the stock had 6 buys, and 0 selling transactions for $244,804 net activity. Another trade for 31,950 shares valued at $133,423 was made by SAMPSON CURTIS A on Friday, November 11. Another trade for 2,300 shares valued at $9,890 was bought by Blackwood Bruce C.

Analysts await Communications Systems, Inc. (NASDAQ:JCS) to report earnings on March, 8. They expect $-0.08 earnings per share, up 87.88% or $0.58 from last year’s $-0.66 per share. After $-0.14 actual earnings per share reported by Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

About 11,427 shares traded hands. Communications Systems, Inc. (NASDAQ:JCS) has declined 21.26% since April 28, 2016 and is downtrending. It has underperformed by 27.19% 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 $45.03 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.

More recent Communications Systems, Inc. (NASDAQ:JCS) news were published by: Businesswire.com which released: “Communications Systems, Inc. Declares Quarterly Dividend of $0.04 Per Share” on December 01, 2016. Also Fool.com published the news titled: “Why Brocade Communications Systems, Inc. Stock Jumped Today” on November 02, 2016. Businesswire.com‘s news article titled: “Communications Systems, Inc. Reports Third Quarter 2016 Financial Results” with publication date: November 03, 2016 was also an interesting one.

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.”

JCS Company Profile

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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