Insider Buying: L1 Long Short Fund Limited (ASX:LSF) Insider Buys A$127,728.58 in Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm bought 47,749 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of A$2.68 ($1.68) per share, with a total value 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 shares were sold at an average price of A$2.87 ($1.81), for a total transaction of A$177,689.06 ($111,754.13).

L1 Long Short Fund Stock Performance

The stock has a market capitalization 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 disclosed a Interim dividend, which will be paid on Sunday, April 6th. Shareholders of record on Sunday, April 6th will be issued a dividend of $0.063 per share. This is an increase from L1 Long Short Fund’s previous Interim dividend of $0.06. This represents a 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.