Insider Buying: Lee Enterprises (NYSE:LEE) Director Acquires $174,040.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $9.16 per share, with a total value of $174,040.00. Following the completion of the acquisition, the director directly owned 11,089,449 shares of the company’s stock, valued at approximately $101,579,352.84. The trade was a 0.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, March 2nd, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were acquired at an average price of $8.85 per share, with a total value of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.03 per share, for a total transaction of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The stock was bought at an average price of $8.64 per share, for a total transaction of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was bought at an average price of $8.91 per share, for a total transaction of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.10 per share, with a total value of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The stock was bought at an average price of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Up 7.3%

NYSE:LEE opened at $9.68 on Monday. The firm has a market cap of $215.28 million, a P/E ratio of -1.33 and a beta of 0.37. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The stock’s 50 day simple moving average is $6.26 and its 200-day simple moving average is $5.06. Lee Enterprises, Incorporated has a 12-month low of $3.34 and a 12-month high of $11.21.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors have recently bought and sold shares of LEE. DRW Securities LLC purchased a new position in Lee Enterprises during the 4th quarter worth $99,000. Gamco Investors INC. ET AL lifted its stake in shares of Lee Enterprises by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after acquiring an additional 115,779 shares during the period. Teton Advisors LLC boosted its holdings in shares of Lee Enterprises by 13.3% in the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,000 shares in the last quarter. Gabelli Funds LLC boosted its holdings 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 acquiring an additional 19,700 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in shares of Lee Enterprises during the third quarter worth about $66,000. 39.20% of the stock is owned by institutional investors and hedge funds.

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.