L1 Long Short Fund Limited (ASX:LSF – Get Free Report) insider Andrew Larke bought 50,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of A$2.68 ($1.69) per share, with a total value of A$134,000.00 ($84,276.73).
L1 Long Short Fund Stock Performance
The company has a market cap of $1.75 billion, a PE 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. Stockholders of record on Sunday, April 6th will be issued a dividend of $0.063 per share. The ex-dividend date is Sunday, March 16th. This represents a dividend yield of 2.32%. This is a boost from L1 Long Short Fund’s previous Interim dividend of $0.06. L1 Long Short Fund’s payout ratio is 44.44%.
L1 Long Short Fund Company Profile
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.
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