Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz Purchases 10,096 Shares of Stock

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz purchased 10,096 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $2.30 per share, with a total value of $23,220.80. Following the acquisition, the director now directly owns 270,276 shares of the company’s stock, valued at approximately $621,634.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, August 21st, Joshua Horowitz purchased 7,000 shares of Barnwell Industries stock. The shares were purchased at an average price of $2.24 per share, for a total transaction of $15,680.00.

Barnwell Industries Stock Performance

BRN 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 50-day moving average of $2.33 and a 200 day moving average of $2.47. The firm has a market cap of $23.26 million, a P/E ratio of -7.03 and a beta of 0.15.

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

Institutional Trading of Barnwell Industries

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC increased its position in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 355,534 shares of the company’s stock after acquiring an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned about 3.55% of Barnwell Industries worth $836,000 as of its most recent SEC filing. Institutional investors own 40.71% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Barnwell Industries in a report on Thursday. They set 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.