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

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm purchased 31,987 shares of the company’s stock in a transaction on Monday, March 31st. The shares were purchased at an average price of A$2.83 ($1.72) per share, for a total transaction of A$90,651.16 ($54,940.10).

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

• On Friday, March 28th, Raphael Lamm acquired 3,342 shares of L1 Long Short Fund stock. The stock was purchased at an average price of A$2.87 ($1.74) per share, with a total value of A$9,581.51 ($5,806.98).
• On Tuesday, March 25th, Raphael Lamm bought 23,478 shares of L1 Long Short Fund stock. The stock was purchased at an average price of A$2.76 ($1.68) per share, for a total transaction of A$64,893.19 ($39,329.21).
• On Monday, March 10th, Raphael Lamm acquired 47,749 shares of L1 Long Short Fund stock. The shares were acquired at an average price of A$2.68 ($1.62) per share, with a total value of A$127,728.58 ($77,411.26).
• 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 ($1.74), for a total transaction of A$177,689.06 ($107,690.34).

L1 Long Short Fund Stock Performance

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

L1 Long Short Fund Increases Dividend

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