L1 Long Short Fund Limited (ASX:LSF) Insider Raphael Lamm Buys 23,478 Shares

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm bought 23,478 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of A$2.76 ($1.74) per share, for a total transaction of A$64,893.19 ($40,813.33).

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

• On Monday, March 10th, Raphael Lamm purchased 47,749 shares of L1 Long Short Fund stock. The stock was acquired at an average price of A$2.68 ($1.68) per share, with a total value of A$127,728.58 ($80,332.44).
• 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 price-to-earnings ratio of 10.21 and a beta of 1.09.

L1 Long Short Fund Increases Dividend

The company also recently declared a Interim dividend, which will be paid on Sunday, April 6th. Stockholders of record on Sunday, April 6th will be issued a dividend of $0.063 per share. This represents a dividend yield of 2.32%. The ex-dividend date is Sunday, March 16th. This is an increase from L1 Long Short Fund’s previous Interim dividend of $0.06. L1 Long Short Fund’s dividend 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.