Insider Buying: L1 Long Short Fund Limited (ASX:LSF) Insider Acquires 17,472 Shares of Stock

L1 Long Short Fund Limited (ASX:LSF) insider Raphael Lamm acquired 17,472 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of A$3.00 ($1.99) per share, for a total transaction of A$52,416.00 ($34,712.58).

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

• On Tuesday, April 23rd, Raphael Lamm bought 16,072 shares of L1 Long Short Fund stock. The stock was acquired at an average price of A$2.95 ($1.95) per share, with a total value of A$47,428.47 ($31,409.58).
• On Thursday, April 18th, Raphael Lamm purchased 35,454 shares of L1 Long Short Fund stock. The shares were acquired at an average price of A$2.94 ($1.95) per share, for a total transaction of A$104,163.85 ($68,982.68).
• On Tuesday, April 16th, Raphael Lamm acquired 16,545 shares of L1 Long Short Fund stock. The shares were bought at an average cost of A$2.93 ($1.94) per share, with a total value of A$48,543.03 ($32,147.70).
• On Thursday, April 11th, Raphael Lamm bought 36,696 shares of L1 Long Short Fund stock. The shares were bought at an average price of A$2.93 ($1.94) per share, for a total transaction of A$107,629.37 ($71,277.73).
• On Monday, March 4th, Raphael Lamm purchased 354,000 shares of L1 Long Short Fund stock. The stock was bought at an average price of A$2.82 ($1.87) per share, with a total value of A$998,634.00 ($661,347.02).

L1 Long Short Fund Stock Performance

L1 Long Short Fund Increases Dividend

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