L1 Long Short Fund Limited (ASX:LSF) Insider Mark Landau Acquires 10,400 Shares

L1 Long Short Fund Limited (ASX:LSF) insider Mark Landau bought 10,400 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was acquired at an average price of A$2.99 ($1.97) per share, for a total transaction of A$31,106.40 ($20,464.74).

Mark Landau also recently made the following trade(s):

• On Friday, April 26th, Mark Landau acquired 35,453 shares of L1 Long Short Fund stock. The shares were bought at an average price of A$2.97 ($1.95) per share, with a total value of A$105,330.86 ($69,296.62).
• On Friday, April 5th, Mark Landau bought 61,453 shares of L1 Long Short Fund stock. The shares were bought at an average cost of A$2.85 ($1.88) per share, for a total transaction of A$175,202.50 ($115,264.80).

L1 Long Short Fund Stock Performance

L1 Long Short Fund Increases Dividend

The firm also recently disclosed a Interim dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 8th were issued a $0.058 dividend. This represents a yield of 2.02%. The ex-dividend date of this dividend was Sunday, March 17th. This is a positive change from L1 Long Short Fund’s previous Interim dividend of $0.05. L1 Long Short Fund’s dividend payout ratio (DPR) is 43.48%.

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.