L1 Long Short Fund Limited (ASX:LSF) Insider Mark Landau Acquires 94,874 Shares of Stock

L1 Long Short Fund Limited (ASX:LSF) insider Mark Landau purchased 94,874 shares of L1 Long Short Fund stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of A$2.66 ($1.69) per share, with a total value of A$252,744.34 ($159,964.77).

L1 Long Short Fund Price Performance

The company 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 declared a Interim dividend, which will be paid on Sunday, April 6th. Investors of record on Sunday, April 6th will be issued a $0.063 dividend. This is an increase from L1 Long Short Fund’s previous Interim dividend of $0.06. This represents a yield of 2.32%. The ex-dividend date is Sunday, March 16th. L1 Long Short Fund’s dividend payout ratio is currently 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.