Insider Buying: Barnwell Industries, Inc. (NYSE:BRN) CEO Buys 10,000 Shares of Stock

Barnwell Industries, Inc. (NYSE:BRNGet Free Report) CEO Craig Douglas Hopkins bought 10,000 shares of Barnwell Industries stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $1.65 per share, with a total value of $16,500.00. Following the purchase, the chief executive officer now owns 151,000 shares of the company’s stock, valued at $249,150. This trade represents a 7.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Barnwell Industries Stock Performance

Shares of NYSE BRN traded up $0.02 during midday trading on Friday, reaching $1.65. 42,392 shares of the company traded hands, compared to its average volume of 55,958. Barnwell Industries, Inc. has a 12 month low of $1.31 and a 12 month high of $3.20. The stock’s 50-day simple moving average is $1.63 and its 200-day simple moving average is $2.02. The firm has a market cap of $16.58 million, a PE ratio of -2.95 and a beta of 0.02.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Barnwell Industries in a report on Monday. They set a “hold” rating for the company.

Get Our Latest Research Report on BRN

Institutional Trading of Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its holdings in Barnwell Industries, Inc. (NYSE:BRNFree Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,534 shares of the company’s stock after acquiring an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 at the end of the most recent reporting period. Institutional investors own 40.71% of the company’s stock.

About Barnwell Industries

(Get Free Report)

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. It also acquires and develops crude oil and natural gas assets in the province of Alberta, as well as invests in land interests in Hawaii.

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Insider Buying and Selling by Quarter for Barnwell Industries (NYSE:BRN)

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