Barnwell Industries, Inc. (NYSE:BRN) Director Purchases $23,220.80 in Stock

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

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

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

Barnwell Industries Trading Up 3.1 %

BRN traded up $0.07 during midday trading on Friday, hitting $2.32. 21,633 shares of the company traded hands, compared to its average volume of 14,485. The business has a 50 day simple moving average of $2.33 and a two-hundred day simple moving average of $2.47. Barnwell Industries, Inc. has a 52-week low of $2.06 and a 52-week high of $3.20. The company has a market capitalization of $23.26 million, a price-to-earnings ratio of -6.88 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 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.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Barnwell Industries

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC lifted its holdings in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,534 shares of the company’s stock after buying an additional 6,612 shares during the period. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.71% of the company’s 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.