L1 Long Short Fund Limited (ASX:LSF) Insider Acquires A$107,629.37 in Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm purchased 36,696 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was bought at an average price 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 bought 354,000 shares of L1 Long Short Fund stock. The shares were acquired at an average price 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 value of A$1,493,875.53 ($963,790.66).

L1 Long Short Fund Price Performance

L1 Long Short Fund Increases Dividend

The firm also recently declared a Interim dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 8th were issued a dividend of $0.058 per share. The ex-dividend date was Sunday, March 17th. This represents a dividend yield of 2.02%. This is a boost from L1 Long Short Fund’s previous Interim dividend of $0.05. L1 Long Short Fund’s payout ratio 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.