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

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz acquired 10,478 shares of the stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of $1.00 per share, for a total transaction of $10,478.00. Following the completion of the transaction, the director owned 330,187 shares in the company, valued at approximately $330,187. This represents a 3.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Barnwell Industries Trading Up 2.0%

Barnwell Industries stock opened at $1.04 on Friday. Barnwell Industries, Inc. has a 12-month low of $0.91 and a 12-month high of $1.40. The firm has a market capitalization of $15.01 million, a price-to-earnings ratio of -1.53 and a beta of -0.03. The firm has a 50 day moving average of $1.00 and a 200 day moving average of $1.06.

Institutional Investors Weigh In On Barnwell Industries

A number of institutional investors have recently bought and sold shares of the business. Aspen Grove Capital LLC bought a new position in shares of Barnwell Industries in the fourth quarter worth about $29,000. Renaissance Technologies LLC lifted its holdings in Barnwell Industries by 9.4% in the 1st quarter. Renaissance Technologies LLC now owns 323,713 shares of the company’s stock worth $350,000 after purchasing an additional 27,726 shares in the last quarter. DRW Securities LLC purchased a new position in Barnwell Industries in the 4th quarter worth approximately $37,000. Empowered Funds LLC bought a new position in Barnwell Industries in the 2nd quarter worth approximately $50,000. Finally, BlackRock Inc. bought a new position in Barnwell Industries in the 2nd quarter worth approximately $69,000. 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.