L1 Long Short Fund Limited (ASX:LSF) Insider Raphael Lamm Acquires 47,749 Shares

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm purchased 47,749 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of A$2.68 ($1.70) per share, for a total transaction of A$127,728.58 ($81,355.78).

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

• 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 ($1.83), for a total transaction of A$177,689.06 ($113,177.75).

L1 Long Short Fund Stock Performance

The firm has a market capitalization 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 disclosed 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 is a positive change from L1 Long Short Fund’s previous Interim dividend of $0.06. This represents a dividend yield of 2.32%. The ex-dividend date is Sunday, March 16th. L1 Long Short Fund’s dividend payout ratio is presently 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.