Insider Buying: L1 Long Short Fund Limited (ASX:LSF) Insider Buys 31,987 Shares of Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm bought 31,987 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of A$2.83 ($1.77) per share, with a total value of A$90,651.16 ($56,656.97).

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

• On Friday, March 28th, Raphael Lamm purchased 3,342 shares of L1 Long Short Fund stock. The stock was acquired at an average cost of A$2.87 ($1.79) per share, with a total value of A$9,581.51 ($5,988.45).
• On Tuesday, March 25th, Raphael Lamm bought 23,478 shares of L1 Long Short Fund stock. The stock was bought at an average price of A$2.76 ($1.73) per share, with a total value of A$64,893.19 ($40,558.25).
• On Monday, March 10th, Raphael Lamm acquired 47,749 shares of L1 Long Short Fund stock. The stock was purchased at an average cost of A$2.68 ($1.67) per share, for a total transaction of A$127,728.58 ($79,830.36).
• 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 ($1.79), for a total transaction of A$177,689.06 ($111,055.66).

L1 Long Short Fund Price Performance

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