Investment analysts at StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN – Get Rating) in a report released on Sunday. The firm set a “hold” rating on the stock.
Separately, TheStreet raised Barnwell Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, March 7th.
Barnwell Industries Stock Down 3.1 %
Shares of NYSE BRN opened at $2.54 on Friday. The stock’s 50-day simple moving average is $2.68 and its two-hundred day simple moving average is $2.65. Barnwell Industries has a twelve month low of $1.89 and a twelve month high of $3.33. The firm has a market capitalization of $25.29 million, a P/E ratio of 11.04 and a beta of 0.40.
Insider Transactions at Barnwell Industries
In related news, major shareholder Ned L. Sherwood bought 105,180 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were bought at an average cost of $2.61 per share, for a total transaction of $274,519.80. Following the completion of the transaction, the insider now owns 2,102,960 shares of the company’s stock, valued at $5,488,725.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Barnwell Industries news, major shareholder Ned L. Sherwood bought 68,878 shares of the company’s stock in a transaction on Tuesday, April 18th. The stock was acquired at an average price of $2.66 per share, for a total transaction of $183,215.48. Following the completion of the transaction, the insider now directly owns 1,987,539 shares of the company’s stock, valued at $5,286,853.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Ned L. Sherwood purchased 105,180 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average price of $2.61 per share, with a total value of $274,519.80. Following the acquisition, the insider now directly owns 2,102,960 shares of the company’s stock, valued at approximately $5,488,725.60. The disclosure for this purchase can be found here. Insiders have bought a total of 395,807 shares of company stock worth $1,062,455 in the last ninety days. Insiders own 16.30% of the company’s stock.
Hedge Funds Weigh In On Barnwell Industries
A number of large investors have recently bought and sold shares of BRN. Stilwell Value LLC purchased a new stake in Barnwell Industries in the first quarter valued at $220,000. Renaissance Technologies LLC boosted its stake in shares of Barnwell Industries by 15.0% during the 1st quarter. Renaissance Technologies LLC now owns 637,622 shares of the company’s stock worth $1,639,000 after acquiring an additional 83,286 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Barnwell Industries during the 1st quarter worth about $75,000. Dimensional Fund Advisors LP purchased a new stake in shares of Barnwell Industries during the 1st quarter worth about $78,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Barnwell Industries by 145.1% during the 1st quarter. Acadian Asset Management LLC now owns 40,745 shares of the company’s stock worth $104,000 after acquiring an additional 24,118 shares in the last quarter. Institutional investors own 9.38% of the company’s stock.
About Barnwell Industries
Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude oil and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.
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