Insider Buying: Lee Enterprises (NYSE:LEE) Director Buys 15,200 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 15,200 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were bought at an average cost of $9.03 per share, with a total value of $137,256.00. Following the transaction, the director directly owned 11,017,249 shares of the company’s stock, valued at approximately $99,485,758.47. This trade represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Lee Enterprises Stock Performance

LEE stock traded down $0.09 during mid-day trading on Thursday, reaching $8.68. 123,002 shares of the stock traded hands, compared to its average volume of 59,890. The firm has a market capitalization of $193.04 million, a PE ratio of -1.19 and a beta of 0.55. The business has a 50-day moving average of $5.50 and a two-hundred day moving average of $4.81. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LEE. Teton Advisors LLC boosted its position 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 during the period. Gabelli Funds LLC raised its stake in Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,389 shares during the last quarter. Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises during the 3rd quarter valued at $66,000. Jane Street Group LLC bought a new stake in Lee Enterprises in the 2nd quarter valued at $86,000. Finally, Wittenberg Investment Management Inc. grew its position in Lee Enterprises by 20.1% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after purchasing an additional 14,262 shares during the last quarter. 39.20% of the stock is owned by 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.