Craig Douglas Hopkins Acquires 10,000 Shares of Barnwell Industries, Inc. (NYSE:BRN) Stock

Barnwell Industries, Inc. (NYSE:BRN) CEO Craig Douglas Hopkins acquired 10,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $16,500.00. Following the completion of the purchase, the chief executive officer now directly owns 151,000 shares of the company’s stock, valued at approximately $249,150. The trade was a 7.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Barnwell Industries Stock Performance

Shares of BRN stock opened at $1.65 on Friday. Barnwell Industries, Inc. has a 52 week low of $1.31 and a 52 week high of $3.20. The stock has a market capitalization of $16.58 million, a PE ratio of -2.95 and a beta of 0.02. The stock’s fifty day moving average is $1.63 and its 200-day moving average is $2.01.

Institutional Investors Weigh In On Barnwell Industries

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC lifted its stake in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,534 shares of the company’s stock after purchasing an additional 6,612 shares during the period. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Barnwell Industries in a report on Monday, January 13th. They issued a “hold” rating on the stock.

Barnwell Industries Company Profile

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.