Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) Director Joshua Horowitz acquired 10,478 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of $1.00 per share, for a total transaction of $10,478.00. Following the completion of the purchase, the director owned 330,187 shares of the company’s stock, valued at $330,187. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Barnwell Industries Price Performance
Shares of BRN stock opened at $1.04 on Friday. The business’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $1.06. Barnwell Industries, Inc. has a one year low of $0.91 and a one year high of $1.40. The stock has a market capitalization of $15.01 million, a PE ratio of -1.53 and a beta of -0.03.
Institutional Investors Weigh In On Barnwell Industries
Institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in shares of Barnwell Industries during the second quarter worth $50,000. BlackRock Inc. bought a new stake in Barnwell Industries during the second quarter valued at $69,000. JCP Investment Management LLC bought a new stake in Barnwell Industries during the first quarter valued at $442,000. Renaissance Technologies LLC grew its holdings in Barnwell Industries by 9.4% during the 1st quarter. Renaissance Technologies LLC now owns 323,713 shares of the company’s stock worth $350,000 after acquiring an additional 27,726 shares during the period. Finally, Aspen Grove Capital LLC grew its holdings 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 acquiring an additional 53,806 shares during the period. 40.71% of the stock is owned by institutional investors.
About Barnwell Industries
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.
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