Barnwell Industries, Inc. (NYSE:BRN) CEO Acquires $16,500.00 in Stock

Barnwell Industries, Inc. (NYSE:BRN) CEO Craig Douglas Hopkins purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $1.65 per share, with a total value of $16,500.00. Following the purchase, the chief executive officer now directly owns 151,000 shares of the company’s stock, valued at $249,150. The trade was a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Barnwell Industries Stock Performance

BRN opened at $1.65 on Monday. Barnwell Industries, Inc. has a one year low of $1.31 and a one year high of $3.20. The company has a market cap of $16.58 million, a P/E ratio of -2.95 and a beta of 0.02. The business’s 50-day simple moving average is $1.63 and its 200-day simple moving average is $2.01.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its stake in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. Institutional investors own 40.71% of the company’s 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.