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

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm acquired 47,749 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of A$2.68 ($1.68) per share, for a total transaction of A$127,728.58 ($80,332.44).

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 stock was 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 Price Performance

The firm 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 business also recently announced a Interim dividend, which will be paid on Sunday, April 6th. Shareholders of record on Sunday, April 6th will be paid a $0.063 dividend. This represents a yield of 2.32%. The ex-dividend date of this dividend is Sunday, March 16th. This is a positive change from L1 Long Short Fund’s previous Interim dividend of $0.06. L1 Long Short Fund’s payout ratio is 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.