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 purchased 3,306 shares of Japan Smaller Capitalization Fund stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $7.56 per share, for a total transaction of $24,993.36. Following the completion of the transaction, the director now owns 3,306 shares of the company’s stock, valued at approximately $24,993.36. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Japan Smaller Capitalization Fund Stock Performance

JOF opened at $7.52 on Friday. The company has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $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 issued a $0.3118 dividend. This is an increase from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, December 19th.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

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

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.