Barnwell Industries, Inc. (NYSE:BRN - Get Free Report) Director Joshua Horowitz bought 7,000 shares of Barnwell Industries stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $2.24 per share, with a total value of $15,680.00. Following the acquisition, the director now directly owns 260,180 shares of the company's stock, valued at approximately $582,803.20. The purchase 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 Friday, August 23rd, Joshua Horowitz acquired 10,096 shares of Barnwell Industries stock. The shares were acquired at an average price of $2.30 per share, with a total value of $23,220.80.
Barnwell Industries Trading Up 3.1 %
Shares of BRN opened at $2.32 on Friday. The company's fifty day simple moving average is $2.33 and its 200 day simple moving average is $2.47. Barnwell Industries, Inc. has a 1-year low of $2.06 and a 1-year high of $3.20. The company has a market cap of $23.26 million, a price-to-earnings ratio of -7.03 and a beta of 0.15.
Barnwell Industries (NYSE:BRN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.12) EPS for the quarter. The business 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%.
Wall Street Analysts Forecast Growth
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Separately, StockNews.com assumed coverage on Barnwell Industries in a research report on Thursday. They set a "hold" rating for the company.
Check Out Our Latest Stock Report on Barnwell Industries
Hedge Funds Weigh In On Barnwell Industries
A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC grew its stake in Barnwell Industries, Inc. (NYSE:BRN - Free Report) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,534 shares of the company's stock after purchasing an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 as of its most recent SEC filing. 40.71% of the stock is owned by hedge funds and other institutional investors.
Barnwell Industries Company Profile
(
Get Free Report)
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.
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