Key Points
- Director Tina Jones bought 950 shares of Japan Smaller Capitalization Fund at an average price of $10.80 on Dec. 22 for a total of $10,260, a transaction disclosed in an SEC filing and leaving her with 950 shares.
- The fund declared a monthly dividend of $0.0887 per share (record date Mar. 16, payable Mar. 31), implying an annualized yield of about 9.8%.
- Institutional activity showed net inflows, with Bulldog Investors raising its stake 184.4% to 217,948 shares and other firms (CIBC Bancorp USA, Raymond James, Pekin Hardy Strauss, Mraz Amerine & Associates) also increasing their positions.
Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) Director Tina Jones purchased 950 shares of Japan Smaller Capitalization Fund stock in a transaction that occurred on Monday, December 22nd. The shares were bought at an average price of $10.80 per share, for a total transaction of $10,260.00. Following the transaction, the director owned 950 shares in the company, valued at $10,260. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Japan Smaller Capitalization Fund Price Performance
JOF opened at $10.81 on Wednesday. The company's 50 day simple moving average is $10.48 and its 200-day simple moving average is $10.28. Japan Smaller Capitalization Fund, Inc. has a one year low of $7.43 and a one year high of $11.00.
Japan Smaller Capitalization Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.0887 dividend. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, March 16th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new stake in Japan Smaller Capitalization Fund in the third quarter valued at about $215,000. Bulldog Investors LLP grew its position in shares of Japan Smaller Capitalization Fund by 184.4% during the 3rd quarter. Bulldog Investors LLP now owns 217,948 shares of the company's stock worth $2,297,000 after buying an additional 141,310 shares during the period. Raymond James Financial Inc. increased its stake in shares of Japan Smaller Capitalization Fund by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 101,127 shares of the company's stock valued at $1,066,000 after acquiring an additional 3,847 shares during the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of Japan Smaller Capitalization Fund by 116.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company's stock valued at $2,081,000 after acquiring an additional 106,068 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its position in shares of Japan Smaller Capitalization Fund by 6.7% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 155,051 shares of the company's stock valued at $1,634,000 after acquiring an additional 9,770 shares during the period.
Japan Smaller Capitalization Fund Company Profile
(
Get Free Report)
Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan's smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan's domestic growth opportunities.
The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.
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