Insider Buying: Lee Enterprises (NYSE:LEE) Director Buys 6,925 Shares of Stock

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

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

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

Lee Enterprises Stock Performance

LEE traded up $0.32 during trading on Monday, hitting $10.68. The stock had a trading volume of 47,239 shares, compared to its average volume of 67,625. 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 firm has a market capitalization of $237.42 million, a P/E ratio of -1.47 and a beta of 0.31. The company’s 50-day moving average price is $8.88 and its 200 day moving average price is $6.93. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.88.

Institutional Investors Weigh In On Lee Enterprises

Institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its position in shares of Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after purchasing an additional 115,779 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of Lee Enterprises during the 4th quarter worth $99,000. Jane Street Group LLC purchased a new stake in shares of Lee Enterprises during the 2nd quarter worth $86,000. Gabelli Funds LLC boosted its position in shares of Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,389 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after purchasing an additional 28,917 shares in the last quarter. 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.