L1 Long Short Fund Limited (ASX:LSF) Insider Acquires A$157,203.76 in Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm purchased 57,290 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was bought at an average price of A$2.74 ($1.77) per share, with a total value of A$157,203.76 ($101,421.78).

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

• On Tuesday, May 27th, Raphael Lamm acquired 4,774 shares of L1 Long Short Fund stock. The shares were bought at an average price of A$2.76 ($1.78) per share, for a total transaction of A$13,181.01 ($8,503.88).
• On Monday, March 31st, Raphael Lamm acquired 31,987 shares of L1 Long Short Fund stock. The stock was bought at an average cost of A$2.83 ($1.83) per share, with a total value of A$90,651.16 ($58,484.62).
• On Friday, March 28th, Raphael Lamm bought 3,342 shares of L1 Long Short Fund stock. The stock was purchased at an average cost of A$2.87 ($1.85) per share, with a total value of A$9,581.51 ($6,181.62).
• On Tuesday, March 25th, Raphael Lamm bought 23,478 shares of L1 Long Short Fund stock. The shares were purchased at an average price of A$2.76 ($1.78) per share, for a total transaction of A$64,893.19 ($41,866.58).
• On Monday, March 10th, Raphael Lamm purchased 47,749 shares of L1 Long Short Fund stock. The stock was purchased at an average price of A$2.68 ($1.73) per share, with a total value of A$127,728.58 ($82,405.53).

L1 Long Short Fund Stock 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 announced a Interim dividend, which was paid on Sunday, April 6th. Investors of record on Sunday, April 6th were paid a $0.063 dividend. 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 was Sunday, March 16th. L1 Long Short Fund’s dividend payout ratio (DPR) 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.