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

Barnwell Industries, Inc. (NYSE:BRN) CEO Craig Douglas Hopkins bought 10,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $1.65 per share, with a total value of $16,500.00. Following the completion of the purchase, the chief executive officer now owns 151,000 shares in the company, valued at $249,150. This represents a 7.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Barnwell Industries Trading Up 1.2 %

BRN stock opened at $1.65 on Friday. The stock has a 50-day moving average price of $1.63 and a two-hundred day moving average price of $2.01. Barnwell Industries, Inc. has a 1 year low of $1.31 and a 1 year high of $3.20. The stock has a market cap of $16.58 million, a PE ratio of -2.95 and a beta of 0.02.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Barnwell Industries in a report on Monday, January 13th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC grew its position in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 3.55% of Barnwell Industries worth $836,000 at the end of the most recent reporting period. 40.71% of the stock is currently owned by institutional investors and hedge funds.

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.