The COO of New Media Investment (NEWM) is Buying Shares

Today, the COO of New Media Investment (NEWM), Kirk Davis, bought shares of NEWM for $95.85K.

Following this transaction Kirk Davis’ holding in the company was increased by 4.79% to a total of $2.14 million. In addition to Kirk Davis, 2 other NEWM executives reported Buy trades in the last month.

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Based on New Media Investment’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $380 million and GAAP net loss of $5.87 million. In comparison, last year the company earned revenue of $317 million and had a GAAP net loss of $1.97 million. NEWM’s market cap is $874.9M and the company has a P/E ratio of 24.59. Currently, New Media Investment has an average volume of 569.5K.

In the last 30 days, insiders have sold $1.21M worth of NEWM shares and purchased $1.16M worth of NEWM shares. The insider sentiment on New Media Investment has been positive according to 11 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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New Media Investment Group, Inc. owns, operates and invest in a portfolio of local media assets, and on advertising and digital marketing business. It publishes local newspapers and related publications in U.S. The company was founded on June 18, 2013 and is headquartered in New York, NY.