Insider Buying: Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Director Purchases 3,306 Shares of Stock

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

Japan Smaller Capitalization Fund Trading Down 0.1 %

NYSE JOF opened at $7.52 on Friday. The firm’s 50 day moving average is $7.71 and its 200-day moving average is $7.78. Japan Smaller Capitalization Fund, Inc. has a 12-month low of $6.89 and a 12-month high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

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

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOF. Virtu Financial LLC bought a new position in shares of Japan Smaller Capitalization Fund in the 3rd quarter valued at about $104,000. Pekin Hardy Strauss Inc. boosted its position in 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 Japan Smaller Capitalization Fund by 7.7% during the third quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock valued at $181,000 after purchasing an additional 1,609 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new position in Japan Smaller Capitalization Fund in the third quarter valued at approximately $259,000. Finally, International Assets Investment Management LLC increased its position in shares of 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 worth $315,000 after purchasing an additional 33,442 shares during the last quarter.

About Japan Smaller Capitalization Fund

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.