L1 Long Short Fund Limited (ASX:LSF – Get Free Report) insider Andrew Larke acquired 50,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of A$2.68 ($1.69) per share, for a total transaction of A$134,000.00 ($84,276.73).
L1 Long Short Fund Stock Performance
The firm has a market capitalization of $1.75 billion, a PE ratio of 10.21 and a beta of 1.09.
L1 Long Short Fund Increases Dividend
The firm also recently announced a Interim dividend, which will be paid on Sunday, April 6th. Shareholders of record on Sunday, April 6th will be paid a dividend of $0.063 per share. This is a boost 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 yield of 2.32%. L1 Long Short Fund’s dividend payout ratio (DPR) is 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.
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