Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Director Acquires $24,993.36 in Stock

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Director Arthur Blake Laby bought 3,306 shares of Japan Smaller Capitalization Fund stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $7.56 per share, for a total transaction of $24,993.36. Following the acquisition, the director now directly owns 3,306 shares in the company, valued at approximately $24,993.36. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Japan Smaller Capitalization Fund Stock Performance

NYSE JOF opened at $7.55 on Thursday. The stock’s 50 day moving average is $7.71 and its 200 day moving average is $7.78. Japan Smaller Capitalization Fund, Inc. has a twelve month low of $6.89 and a twelve month high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were given a dividend of $0.3118 per share. The ex-dividend date was Thursday, December 19th. This represents a yield of 3.3%. This is a positive change from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27.

Institutional Trading of Japan Smaller Capitalization Fund

A number of hedge funds and other institutional investors have recently modified their holdings of JOF. Virtu Financial LLC bought a new stake in Japan Smaller Capitalization Fund during the third quarter worth about $104,000. Pekin Hardy Strauss Inc. lifted its holdings in shares of Japan Smaller Capitalization Fund by 23.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company’s stock valued at $133,000 after purchasing an additional 3,075 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Japan Smaller Capitalization Fund by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock worth $181,000 after purchasing an additional 1,609 shares in the last quarter. Mraz Amerine & Associates Inc. purchased a new stake in shares of Japan Smaller Capitalization Fund in the 3rd quarter worth approximately $259,000. Finally, International Assets Investment Management LLC increased its position in Japan Smaller Capitalization Fund by 727.0% during the 3rd quarter. International Assets Investment Management LLC now owns 38,042 shares of the company’s stock valued at $315,000 after buying an additional 33,442 shares in the last quarter.

Japan Smaller Capitalization Fund Company Profile

Japan Smaller Capitalization Fund, Inc is a closed-ended equity mutual fund launched by Nomura Asset Management U.SA Inc It is managed by Nomura Asset Management Co, Ltd. The fund invests in the public equity markets of Japan. It invests in stocks traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex, and other indices.