L1 Long Short Fund Limited (ASX:LSF) Insider Purchases A$47,428.47 in Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm bought 16,072 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of A$2.95 ($1.90) per share, with a total value of A$47,428.47 ($30,599.01).

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

• On Thursday, April 18th, Raphael Lamm purchased 35,454 shares of L1 Long Short Fund stock. The stock was bought at an average price of A$2.94 ($1.90) per share, for a total transaction of A$104,163.85 ($67,202.49).
• On Tuesday, April 16th, Raphael Lamm bought 16,545 shares of L1 Long Short Fund stock. The shares were acquired at an average price of A$2.93 ($1.89) per share, for a total transaction of A$48,543.03 ($31,318.08).
• On Thursday, April 11th, Raphael Lamm bought 36,696 shares of L1 Long Short Fund stock. The shares were acquired at an average price of A$2.93 ($1.89) per share, for a total transaction of A$107,629.37 ($69,438.30).
• On Monday, March 4th, Raphael Lamm purchased 354,000 shares of L1 Long Short Fund stock. The shares were purchased at an average price of A$2.82 ($1.82) per share, for a total transaction of A$998,634.00 ($644,280.00).
• On Friday, February 2nd, Raphael Lamm sold 515,485 shares of L1 Long Short Fund stock. The shares were sold at an average price of A$2.90 ($1.87), for a total transaction of A$1,493,875.53 ($963,790.66).

L1 Long Short Fund Stock Performance

L1 Long Short Fund Increases Dividend

The business also recently announced a Interim dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 8th were paid a $0.058 dividend. This is an increase from L1 Long Short Fund’s previous Interim dividend of $0.05. This represents a yield of 2.02%. The ex-dividend date of this dividend was Sunday, March 17th. L1 Long Short Fund’s dividend payout ratio is currently 43.48%.

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.