L1 Long Short Fund Limited (ASX:LSF) Insider Buys A$64,893.19 in Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm purchased 23,478 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of A$2.76 ($1.74) per share, for a total transaction of A$64,893.19 ($40,813.33).

Raphael Lamm also recently made the following trade(s):

• On Monday, March 10th, Raphael Lamm acquired 47,749 shares of L1 Long Short Fund stock. The shares were purchased at an average price of A$2.68 ($1.68) per share, with a total value of A$127,728.58 ($80,332.44).
• On Thursday, January 30th, Raphael Lamm sold 61,891 shares of L1 Long Short Fund stock. The shares were sold at an average price of A$2.87 ($1.81), for a total value of A$177,689.06 ($111,754.13).

L1 Long Short Fund Stock Performance

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 10.21 and a beta of 1.09.

L1 Long Short Fund Increases Dividend

The firm also recently declared a Interim dividend, which will be paid on Sunday, April 6th. Shareholders of record on Sunday, April 6th will be given a $0.063 dividend. The ex-dividend date is Sunday, March 16th. This is an increase from L1 Long Short Fund’s previous Interim dividend of $0.06. This represents a yield of 2.32%. L1 Long Short Fund’s dividend payout ratio (DPR) is presently 44.44%.

About L1 Long Short Fund

L1 Long Short Fund Limited is a equity fund launched and managed by L1 Capital Pty Ltd. The fund investments predominantly in Australian and New Zealand securities. It employs long and short strategy to make its investments. The fund employs bottom up approach to make its investments. It is was formed in September 2014 and is domiciled in Australia.