Mark Landau Acquires 1,159,609 Shares of L1 Long Short Fund Limited (ASX:LSF) Stock

L1 Long Short Fund Limited (ASX:LSF) insider Mark Landau bought 1,159,609 shares of the stock in a transaction on Monday, April 7th. The stock was purchased at an average price of A$2.77 ($1.65) per share, for a total transaction of A$3,212,116.93 ($1,911,974.36).

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

• On Wednesday, April 2nd, Mark Landau purchased 3,342 shares of L1 Long Short Fund stock. The shares were acquired at an average price of A$2.86 ($1.70) per share, with a total value of A$9,561.46 ($5,691.35).
• On Wednesday, March 12th, Mark Landau acquired 28,065 shares of L1 Long Short Fund stock. The shares were purchased at an average price of A$2.68 ($1.60) per share, for a total transaction of A$75,326.46 ($44,837.18).
• On Thursday, March 6th, Mark Landau acquired 94,874 shares of L1 Long Short Fund stock. The stock was bought at an average price of A$2.66 ($1.59) per share, for a total transaction of A$252,744.34 ($150,443.06).

L1 Long Short Fund Stock Performance

The firm has a market capitalization of $1.75 billion, a PE ratio of 10.21 and a beta of 1.09.

L1 Long Short Fund Increases Dividend

The firm also recently disclosed a Interim dividend, which was paid on Sunday, April 6th. Shareholders of record on Sunday, April 6th were issued a $0.063 dividend. The ex-dividend date was Sunday, March 16th. This represents a yield of 2.32%. This is a boost from L1 Long Short Fund’s previous Interim dividend of $0.06. 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.