Insider Buying: L1 Long Short Fund Limited (ASX:LSF) Insider Acquires 47,749 Shares of Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm acquired 47,749 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average cost of A$2.68 ($1.70) per share, with a total value of A$127,728.58 ($81,355.78).

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

• 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 ($1.83), for a total value of A$177,689.06 ($113,177.75).

L1 Long Short Fund Price Performance

The stock has a market cap of $1.75 billion, a P/E ratio of 10.21 and a beta of 1.09.

L1 Long Short Fund Increases Dividend

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