Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz Acquires 7,000 Shares

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz acquired 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $2.24 per share, with a total value of $15,680.00. Following the transaction, the director now owns 260,180 shares in the company, valued at $582,803.20. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Joshua Horowitz also recently made the following trade(s):

• On Friday, August 23rd, Joshua Horowitz acquired 10,096 shares of Barnwell Industries stock. The shares were purchased at an average price of $2.30 per share, for a total transaction of $23,220.80.

Barnwell Industries Price Performance

Barnwell Industries stock opened at $2.32 on Friday. Barnwell Industries, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $3.20. The firm has a market capitalization of $23.26 million, a PE ratio of -7.03 and a beta of 0.15. The company’s 50-day moving average is $2.33 and its 200-day moving average is $2.47.

Barnwell Industries (NYSE:BRN) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.12) EPS for the quarter. Barnwell Industries had a negative net margin of 13.29% and a negative return on equity of 18.20%. The company had revenue of $5.53 million during the quarter.

Institutional Investors Weigh In On Barnwell Industries

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC raised its stake in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% in the 2nd quarter, according to its most recent 13F 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 period. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 at the end of the most recent quarter. 40.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Barnwell Industries in a research note on Thursday. They set a “hold” rating on the stock.

About Barnwell Industries

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.