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 Japan Smaller Capitalization Fund stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $7.56 per share, for a total transaction of $24,993.36. Following the completion of the transaction, the director now directly owns 3,306 shares of the company’s stock, valued at $24,993.36. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Japan Smaller Capitalization Fund Price Performance

Shares of NYSE:JOF traded down $0.04 on Tuesday, reaching $7.48. 11,938 shares of the company traded hands, compared to its average volume of 37,024. The company’s 50 day moving average is $7.72 and its 200-day moving average is $7.78. Japan Smaller Capitalization Fund, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 19th were given a $0.3118 dividend. This is a boost 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.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JOF. City of London Investment Management Co. Ltd. raised its position in shares of Japan Smaller Capitalization Fund by 8.8% during the second quarter. City of London Investment Management Co. Ltd. now owns 4,903,167 shares of the company’s stock worth $37,166,000 after purchasing an additional 395,290 shares during the period. Hara Capital LLC raised its stake in shares of Japan Smaller Capitalization Fund by 12.8% during the third quarter. Hara Capital LLC now owns 378,164 shares of the company’s stock valued at $3,127,000 after acquiring an additional 43,053 shares during the last quarter. Almitas Capital LLC lifted its position in Japan Smaller Capitalization Fund by 26.2% during the second quarter. Almitas Capital LLC now owns 360,847 shares of the company’s stock valued at $2,735,000 after buying an additional 74,904 shares during the period. Raffles Associates LP boosted its stake in Japan Smaller Capitalization Fund by 16.1% during the 3rd quarter. Raffles Associates LP now owns 224,025 shares of the company’s stock valued at $1,853,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Japan Smaller Capitalization Fund in the 3rd quarter worth approximately $1,351,000.

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.