Insider Buying: L1 Long Short Fund Limited (ASX:LSF) Insider Purchases 16,545 Shares of Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm bought 16,545 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average price of A$2.93 ($1.89) per share, for a total transaction of A$48,543.03 ($31,318.08).

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

• On Thursday, April 11th, Raphael Lamm acquired 36,696 shares of L1 Long Short Fund stock. The shares were bought at an average price of A$2.93 ($1.89) per share, for a total transaction of A$107,629.37 ($69,438.30).
• On Monday, March 4th, Raphael Lamm acquired 354,000 shares of L1 Long Short Fund stock. The shares were bought at an average price of A$2.82 ($1.82) per share, for a total transaction 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 shares were 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 Stock Performance

L1 Long Short Fund Increases Dividend

The business also recently disclosed a Interim dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 8th were given a dividend of $0.058 per share. This is an increase from L1 Long Short Fund’s previous Interim dividend of $0.05. The ex-dividend date of this dividend was Sunday, March 17th. This represents a yield of 2.02%. L1 Long Short Fund’s dividend payout ratio is 43.48%.

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.