Barnwell Industries (NYSE:BRN) Director Joshua Horowitz Purchases 10,478 Shares

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz acquired 10,478 shares of Barnwell Industries stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $1.00 per share, with a total value of $10,478.00. Following the purchase, the director directly owned 330,187 shares of the company’s stock, valued at approximately $330,187. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Barnwell Industries Price Performance

Shares of NYSE:BRN opened at $1.02 on Friday. The business’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $1.06. The firm has a market capitalization of $14.72 million, a price-to-earnings ratio of -1.50 and a beta of -0.03. Barnwell Industries, Inc. has a 12 month low of $0.91 and a 12 month high of $1.40.

Institutional Trading of Barnwell Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new stake in shares of Barnwell Industries during the second quarter worth about $50,000. BlackRock Inc. purchased a new position in shares of Barnwell Industries in the 2nd quarter worth $69,000. JCP Investment Management LLC purchased a new position in Barnwell Industries in the first quarter valued at approximately $442,000. Renaissance Technologies LLC lifted its position in Barnwell Industries by 9.4% during the first quarter. Renaissance Technologies LLC now owns 323,713 shares of the company’s stock valued at $350,000 after buying an additional 27,726 shares in the last quarter. Finally, Aspen Grove Capital LLC boosted its position in Barnwell Industries by 206.9% during the 1st quarter. Aspen Grove Capital LLC now owns 79,806 shares of the company’s stock worth $86,000 after purchasing an additional 53,806 shares during the period. Hedge funds and other institutional investors own 40.71% of the company’s stock.

Barnwell Industries Company Profile

Barnwell Industries, Inc (NYSE: BRN) is an independent energy company headquartered in Houston, Texas. The company specializes in the acquisition, development and operation of onshore oil and natural gas properties. Its strategy centers on purchasing and managing producing assets that offer stable, cash‐flow characteristics in mature U.S. resource plays.

Barnwell’s core activities include the identification and evaluation of undervalued or under-drilled leases, followed by the implementation of low-cost development programs to enhance production.