Insider Buying: L1 Long Short Fund Limited (ASX:LSF) Insider Acquires 36,696 Shares of Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm purchased 36,696 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was acquired at an average cost of A$2.93 ($1.89) per share, with a total value of A$107,629.37 ($69,438.30).

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

• On Monday, March 4th, Raphael Lamm acquired 354,000 shares of L1 Long Short Fund stock. The shares were purchased at an average cost of A$2.82 ($1.82) per share, with a total value 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 stock was 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 Price Performance

L1 Long Short Fund Increases Dividend

The company also recently announced a Interim dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 8th were issued a $0.058 dividend. The ex-dividend date was Sunday, March 17th. This is a positive change from L1 Long Short Fund’s previous Interim dividend of $0.05. This represents a yield of 2.02%. 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.