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

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) Director Arthur Blake Laby purchased 3,306 shares of the firm's stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $7.56 per share, for a total transaction of $24,993.36. Following the transaction, the director now owns 3,306 shares of the company's stock, valued at $24,993.36. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Japan Smaller Capitalization Fund Trading Down 0.3 %

Shares of NYSE:JOF traded down $0.02 during midday trading on Tuesday, reaching $7.50. The company had a trading volume of 24,515 shares, compared to its average volume of 38,664. The company has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $7.78. Japan Smaller Capitalization Fund, Inc. has a 1-year low of $6.89 and a 1-year high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JOF. City of London Investment Management Co. Ltd. lifted 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 worth $37,166,000 after purchasing an additional 395,290 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Japan Smaller Capitalization Fund in the 3rd quarter worth about $1,351,000. Almitas Capital LLC raised its stake 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 purchasing an additional 74,904 shares in the last quarter. RPO LLC lifted its holdings in shares of Japan Smaller Capitalization Fund by 393.6% during the 3rd quarter. RPO LLC now owns 76,345 shares of the company's stock valued at $631,000 after buying an additional 60,878 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its holdings in shares of Japan Smaller Capitalization Fund by 60.1% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 139,930 shares of the company's stock valued at $1,157,000 after buying an additional 52,526 shares during the last quarter.

Japan Smaller Capitalization Fund Company Profile

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.