Mark Landau Purchases 1,159,609 Shares of L1 Long Short Fund Limited (ASX:LSF) Stock

L1 Long Short Fund Limited (ASX:LSF) insider Mark Landau bought 1,159,609 shares of L1 Long Short Fund stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of A$2.77 ($1.72) per share, for a total transaction of A$3,212,116.93 ($1,995,103.68).

Mark Landau also recently made the following trade(s):

• On Friday, April 4th, Mark Landau purchased 12,890 shares of L1 Long Short Fund stock. The stock was bought at an average cost of A$2.78 ($1.72) per share, with a total value of A$35,769.75 ($22,217.24).
• On Wednesday, April 2nd, Mark Landau acquired 3,342 shares of L1 Long Short Fund stock. The shares were bought at an average cost of A$2.86 ($1.78) per share, for a total transaction of A$9,561.46 ($5,938.80).
• On Wednesday, March 12th, Mark Landau bought 28,065 shares of L1 Long Short Fund stock. The stock was purchased at an average cost of A$2.68 ($1.67) per share, with a total value of A$75,326.46 ($46,786.62).
• On Thursday, March 6th, Mark Landau purchased 94,874 shares of L1 Long Short Fund stock. The shares were purchased at an average cost of A$2.66 ($1.65) per share, for a total transaction of A$252,744.34 ($156,984.06).

L1 Long Short Fund Stock Performance

The stock has a market cap 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 company also recently announced a Interim dividend, which was paid on Sunday, April 6th. Shareholders of record on Sunday, April 6th were paid a $0.063 dividend. This is a boost from L1 Long Short Fund’s previous Interim dividend of $0.06. This represents a yield of 2.32%. The ex-dividend date of this dividend was Sunday, March 16th. L1 Long Short Fund’s payout ratio is presently 44.44%.

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.