Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Director Arthur Blake Laby Buys 3,306 Shares

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

Japan Smaller Capitalization Fund Stock Down 0.3 %

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

Japan Smaller Capitalization Fund Increases Dividend

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

Institutional Trading of Japan Smaller Capitalization Fund

A number of hedge funds have recently bought and sold shares of the business. City of London Investment Management Co. Ltd. grew its position in shares of Japan Smaller Capitalization Fund by 8.8% in the second quarter. City of London Investment Management Co. Ltd. now owns 4,903,167 shares of the company’s stock valued at $37,166,000 after purchasing an additional 395,290 shares in the last quarter. Raffles Associates LP grew its holdings in Japan Smaller Capitalization Fund by 24.9% in the 2nd quarter. Raffles Associates LP now owns 193,025 shares of the company’s stock valued at $1,463,000 after buying an additional 38,530 shares in the last quarter. Logan Stone Capital LLC increased its stake in shares of Japan Smaller Capitalization Fund by 61.2% in the 2nd quarter. Logan Stone Capital LLC now owns 63,356 shares of the company’s stock worth $480,000 after acquiring an additional 24,065 shares during the last quarter. Almitas Capital LLC raised its holdings in shares of Japan Smaller Capitalization Fund by 26.2% during the 2nd quarter. Almitas Capital LLC now owns 360,847 shares of the company’s stock worth $2,735,000 after acquiring an additional 74,904 shares during the period. Finally, International Assets Investment Management LLC boosted 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 valued at $315,000 after acquiring 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.