Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz Acquires 10,096 Shares

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz acquired 10,096 shares of the stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $2.30 per share, with a total value of $23,220.80. Following the transaction, the director now directly owns 270,276 shares of the company’s stock, valued at $621,634.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 21st, Joshua Horowitz bought 7,000 shares of Barnwell Industries stock. The stock was purchased at an average price of $2.24 per share, with a total value of $15,680.00.

Barnwell Industries Stock Up 3.1 %

Shares of BRN traded up $0.07 during trading on Friday, reaching $2.32. The company’s stock had a trading volume of 21,633 shares, compared to its average volume of 14,485. The company has a market cap of $23.26 million, a price-to-earnings ratio of -6.88 and a beta of 0.15. The company has a fifty day moving average of $2.33 and a two-hundred day moving average of $2.47. Barnwell Industries, Inc. has a twelve month low of $2.06 and a twelve month high of $3.20.

Barnwell Industries (NYSE:BRN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter. Barnwell Industries had a negative return on equity of 18.20% and a negative net margin of 13.29%. The company had revenue of $5.53 million during the quarter.

Institutional Investors Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its position in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,534 shares of the company’s stock after acquiring an additional 6,612 shares during the period. Renaissance Technologies LLC owned about 3.55% of Barnwell Industries worth $836,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.71% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Barnwell Industries in a report on Thursday. They issued a “hold” rating on the 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.