Insider Buying: Barnwell Industries COO Acquires 2,000 Shares of Stock (BRN)
Barnwell Industries (NYSE:BRN) COO Alexander C. Kinzler purchased 2,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $6,420.00. Following the purchase, the chief operating officer now directly owns 305,000 shares of the company’s stock, valued at approximately $979,050. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Barnwell Industries (NYSE:BRN) traded up 1.02% on Friday, hitting $3.1925. The stock had a trading volume of 2,960 shares. Barnwell Industries has a 52-week low of $2.75 and a 52-week high of $3.80. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $3.11. The company’s market cap is $26.4 million.
Barnwell Industries, Inc (NYSE:BRN) operates in four segments: Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment.
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