Barnwell Industries, Inc. (NYSE:BRN) CEO Craig Douglas Hopkins Acquires 10,000 Shares

Barnwell Industries, Inc. (NYSE:BRN) CEO Craig Douglas Hopkins acquired 10,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $1.65 per share, with a total value of $16,500.00. Following the acquisition, the chief executive officer now directly owns 151,000 shares in the company, valued at $249,150. This represents a 7.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Barnwell Industries Trading Up 1.2 %

NYSE:BRN opened at $1.65 on Friday. The stock has a market capitalization of $16.58 million, a PE ratio of -2.95 and a beta of 0.02. Barnwell Industries, Inc. has a 1-year low of $1.31 and a 1-year high of $3.20. The firm has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $2.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC increased its holdings in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 355,534 shares of the company’s stock after purchasing an additional 6,612 shares during the period. Renaissance Technologies LLC owned 3.55% of Barnwell Industries worth $836,000 as of its most recent filing with the SEC. 40.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Barnwell Industries Company Profile

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.