EA Series Trust Takes $88,000 Position in Barnwell Industries, Inc. (NYSE:BRN)

Posted by Defense World Staff on Oct 25th, 2023

EA Series Trust acquired a new stake in shares of Barnwell Industries, Inc. (NYSE:BRN – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,373 shares of the company’s stock, valued at approximately $88,000. EA Series Trust owned about 0.35% of Barnwell Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stilwell Value LLC purchased a new position in shares of Barnwell Industries during the first quarter valued at about $220,000. Renaissance Technologies LLC increased its position in shares of Barnwell Industries by 15.0% during the first quarter. Renaissance Technologies LLC now owns 637,622 shares of the company’s stock valued at $1,639,000 after buying an additional 83,286 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Barnwell Industries during the first quarter valued at about $75,000. Dimensional Fund Advisors LP purchased a new position in shares of Barnwell Industries during the first quarter valued at about $78,000. Finally, Acadian Asset Management LLC increased its position in shares of Barnwell Industries by 145.1% during the first quarter. Acadian Asset Management LLC now owns 40,745 shares of the company’s stock valued at $104,000 after buying an additional 24,118 shares during the period. 9.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on BRN shares. StockNews.com started coverage on shares of Barnwell Industries in a research report on Monday. They set a “hold” rating on the stock. TheStreet cut shares of Barnwell Industries from a “b-” rating to a “c” rating in a research report on Monday, September 11th.

View Our Latest Report on BRN

Insiders Place Their Bets

In related news, major shareholder Ned L. Sherwood bought 28,093 shares of the business’s stock in a transaction on Monday, October 16th. The stock was acquired at an average price of $2.56 per share, with a total value of $71,918.08. Following the transaction, the insider now owns 2,446,257 shares in the company, valued at approximately $6,262,417.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Ned L. Sherwood bought 28,093 shares of the business’s stock in a transaction on Monday, October 16th. The stock was acquired at an average price of $2.56 per share, with a total value of $71,918.08. Following the transaction, the insider now owns 2,446,257 shares in the company, valued at approximately $6,262,417.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ned L. Sherwood bought 20,676 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $2.75 per share, with a total value of $56,859.00. Following the transaction, the insider now owns 2,231,253 shares in the company, valued at approximately $6,135,945.75. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 236,608 shares of company stock valued at $619,277. Company insiders own 16.30% of the company’s stock.

Barnwell Industries Stock Up 0.4 %

Shares of BRN opened at $2.56 on Wednesday. The company has a market capitalization of $25.57 million, a P/E ratio of -28.44 and a beta of 0.39. The firm has a 50 day moving average of $2.61 and a 200 day moving average of $2.62. Barnwell Industries, Inc. has a twelve month low of $1.89 and a twelve month high of $3.33.

Barnwell Industries (NYSE:BRN – Get Free Report) last announced its quarterly earnings results on Friday, August 11th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $5.68 million for the quarter. Barnwell Industries had a negative net margin of 3.76% and a negative return on equity of 5.28%.

Barnwell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 24th were given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Wednesday, August 23rd. Barnwell Industries’s dividend payout ratio (DPR) is presently -66.67%.

About Barnwell Industries

(Free Report)

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.