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Gamco and Gabelli's ownership in Communications Systems reaches 5.09%
By Lisa Kerner
Charlotte, N.C., Aug. 29 - Communications Systems, Inc. investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC bought 32,420 shares between June 30 and Aug. 19 priced from $10.07 to $10.80 each, according to a schedule 13D filed with the Securities and Exchange Commission.
The investors beneficially own 438,900 shares, or 5.09%, of the company's outstanding stock.
Communications Systems sells modular connecting and wiring devices and media and rate conversion products in the United States, Costa Rica and the United Kingdom. The company is based in Minnetonka, Minn.
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