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

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz purchased 10,478 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $10,478.00. Following the completion of the acquisition, the director owned 330,187 shares of the company’s stock, valued at $330,187. The trade was a 3.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Barnwell Industries Stock Up 2.0%

BRN stock traded up $0.02 during trading on Thursday, reaching $1.02. The stock had a trading volume of 88,705 shares, compared to its average volume of 342,739. The company 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 one year low of $0.91 and a one year high of $1.40. The company’s 50 day moving average is $1.00 and its two-hundred day moving average is $1.06.

Institutional Trading of Barnwell Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Aspen Grove Capital LLC purchased a new stake in shares of Barnwell Industries during the fourth quarter valued at approximately $29,000. DRW Securities LLC purchased a new position in Barnwell Industries in the fourth quarter worth $37,000. Empowered Funds LLC bought a new position in Barnwell Industries in the 2nd quarter valued at $50,000. BlackRock Inc. bought a new position in Barnwell Industries in the 2nd quarter valued at $69,000. Finally, Renaissance Technologies LLC increased its position in shares of Barnwell Industries by 9.4% during the 1st quarter. Renaissance Technologies LLC now owns 323,713 shares of the company’s stock valued at $350,000 after purchasing an additional 27,726 shares during the last quarter. 40.71% of the stock is owned by hedge funds and other institutional investors.

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.