Insider Buying: Lee Enterprises (NYSE:LEE) Director Buys $75,205.50 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 6,925 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of $10.86 per share, with a total value of $75,205.50. Following the completion of the transaction, the director directly owned 11,517,242 shares of the company’s stock, valued at approximately $125,077,248.12. The trade was a 0.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

David Henry Hoffmann also recently made the following trade(s):

• On Thursday, June 4th, David Henry Hoffmann bought 18,200 shares of Lee Enterprises stock. The stock was purchased at an average cost of $11.08 per share, with a total value of $201,656.00.
• On Tuesday, May 26th, David Henry Hoffmann bought 13,700 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.99 per share, with a total value of $136,863.00.
• On Friday, May 22nd, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.56 per share, with a total value of $101,336.00.
• On Wednesday, May 20th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $9.79 per share, with a total value of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $8.93 per share, with a total value of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was bought at an average price of $7.78 per share, with a total value of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The stock was bought at an average price of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was bought at an average price of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average price of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average price of $9.33 per share, with a total value of $259,374.00.

Lee Enterprises Price Performance

Shares of NYSE LEE opened at $10.21 on Thursday. The stock has a market cap of $226.97 million, a PE ratio of -1.40 and a beta of 0.30. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.88. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a fifty day moving average of $8.99 and a 200-day moving average of $7.06.

Hedge Funds Weigh In On Lee Enterprises

Several hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its position in shares of Lee Enterprises by 23.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after purchasing an additional 115,779 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Lee Enterprises by 9.5% in the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after purchasing an additional 19,700 shares in the last quarter. Private Advisor Group LLC purchased a new position in Lee Enterprises during the first quarter worth about $430,000. Royal Bank of Canada grew its position in Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in Lee Enterprises during the fourth quarter worth about $99,000. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

About Lee Enterprises

Lee Enterprises, Inc is a publicly traded media company based in Davenport, Iowa, with a heritage dating back to 1890 when Alfred W. Lee acquired the Davenport Times-Democrat. Over the decades, the company has grown through acquisitions and organic expansion to become one of the largest regional news publishers in the United States. Lee Enterprises’ shares trade on the New York Stock Exchange under the ticker symbol LEE.

The company’s principal activities center on the production and distribution of local journalism across print and digital channels.