David B. Chemidlin Acquires 2,000 Shares of Japan Smaller Capitalization Fund (NYSE:JOF) Stock

Key Points

• Director David Chemidlin of Japan Smaller Capitalization Fund purchased 2,000 shares at $10.90 each, amounting to a total of $21,800, increasing his stake by 462.96%.
• The fund recently announced a monthly dividend of $0.0887 per share, which equates to an annual yield of 9.9%, with an ex-dividend date of December 15th.
• Japan Smaller Capitalization Fund's stock is currently trading down by 0.9%, with shares valued at $10.77, and it has a 12-month trading range between $7.43 and $10.98.

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) Director David B. Chemidlin purchased 2,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were purchased at an average cost of $10.90 per share, with a total value of $21,800.00. Following the purchase, the director directly owned 2,432 shares in the company, valued at approximately $26,508.80. The trade was a 462.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Japan Smaller Capitalization Fund Trading Up 0.7%

Shares of NYSE:JOF traded up $0.08 during midday trading on Monday, hitting $10.80. 22,113 shares of the stock were exchanged, compared to its average volume of 73,251. Japan Smaller Capitalization Fund, Inc. has a twelve month low of $7.43 and a twelve month high of $10.98. The company has a 50 day moving average price of $10.31 and a 200-day moving average price of $9.41.

Japan Smaller Capitalization Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.0887 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Japan Smaller Capitalization Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC increased its position in Japan Smaller Capitalization Fund by 2.9% during the 1st quarter. Almitas Capital LLC now owns 511,819 shares of the company's stock worth $4,294,000 after purchasing an additional 14,348 shares in the last quarter. Virtu Financial LLC purchased a new stake in Japan Smaller Capitalization Fund during the 1st quarter worth about $94,000. Blue Bell Private Wealth Management LLC increased its position in Japan Smaller Capitalization Fund by 4.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,150 shares of the company's stock worth $345,000 after purchasing an additional 1,700 shares in the last quarter. CWM LLC increased its position in Japan Smaller Capitalization Fund by 275.5% during the 1st quarter. CWM LLC now owns 4,506 shares of the company's stock worth $38,000 after purchasing an additional 3,306 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. increased its position in Japan Smaller Capitalization Fund by 2.6% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 104,491 shares of the company's stock worth $876,000 after purchasing an additional 2,670 shares in 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.