Insider Buying: Barnwell Industries COO Acquires 2,000 Shares of Stock (BRN)
Barnwell Industries (NYSE:BRN) COO Alexander C. Kinzler bought 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $2.98 per share, for a total transaction of $5,960.00. Following the purchase, the chief operating officer now directly owns 307,000 shares in the company, valued at approximately $914,860. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Barnwell Industries (NYSE:BRN) traded down 0.33% on Thursday, hitting $2.99. 3,220 shares of the company’s stock traded hands. Barnwell Industries has a 52-week low of $2.75 and a 52-week high of $3.65. The stock has a 50-day moving average of $3.05 and a 200-day moving average of $3.07. The company’s market cap is $24.7 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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