Insider Buying: 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 acquired 3,306 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $7.56 per share, with a total value 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 filing with the SEC, which is available at this link.

Japan Smaller Capitalization Fund Stock Down 0.3 %

Shares of Japan Smaller Capitalization Fund stock opened at $7.50 on Wednesday. The business’s fifty day simple moving average is $7.71 and its 200-day simple moving average is $7.78. Japan Smaller Capitalization Fund, Inc. has a 52 week low of $6.89 and a 52 week high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

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

Institutional Investors Weigh In On Japan Smaller Capitalization Fund

A number of institutional investors have recently made changes to their positions in JOF. HighTower Advisors LLC lifted its holdings 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 acquiring an additional 1,609 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Japan Smaller Capitalization Fund by 23.6% in the 3rd 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. Virtu Financial LLC purchased a new stake in Japan Smaller Capitalization Fund in the third quarter valued at approximately $104,000. Logan Stone Capital LLC lifted its stake in Japan Smaller Capitalization Fund by 61.2% during the second quarter. Logan Stone Capital LLC now owns 63,356 shares of the company’s stock worth $480,000 after purchasing an additional 24,065 shares in the last quarter. Finally, Raffles Associates LP boosted its position in shares of Japan Smaller Capitalization Fund by 16.1% during the third quarter. Raffles Associates LP now owns 224,025 shares of the company’s stock worth $1,853,000 after buying an additional 31,000 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.