BARNWELL INDS INC BRN
COM · Common Stock · CUSIP 068221100
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- HeadquartersHouston, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($112.3k this quarter). Holder counts are more reliable. Shares outstanding: 10.0m as of 2024-08-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.35.
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 19 |
| Q4 2022 | 23 |
| Q1 2023 | 26 |
| Q2 2023 | 26 |
| Q3 2023 | 25 |
| Q4 2023 | 25 |
| Q1 2024 | 22 |
| Q2 2024 | 22 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 10 | 5 |
| Q1 2023 | 11 | 8 |
| Q2 2023 | 5 | 10 |
| Q3 2023 | 10 | 9 |
| Q4 2023 | 10 | 7 |
| Q1 2024 | 8 | 8 |
| Q2 2024 | 7 | 9 |
Biggest buyers
| UBS Group AG | New | +57.1k |
| CITADEL ADVISORS LLC | Added | +18.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +6.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +3.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.4k |
| LPL Financial LLC | Added | +198 |
| BANK OF AMERICA CORP /DE/ | New | +41 |
Biggest sellers
| Empowered Funds, LLC | Reduced | -40.9k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -25.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -9.8k |
| MORGAN STANLEY | Reduced | -7.8k |
| Tower Research Capital LLC (TRC) | Reduced | -2.1k |
| CALDWELL SUTTER CAPITAL, INC. | Sold out | -454 |
| NORTHERN TRUST CORP | Reduced | -186 |
| WELLS FARGO & COMPANY/MN | Sold out | -39 |
| JPMORGAN CHASE & CO | Reduced | -6 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| SHERWOOD NED L 13D · may seek influence -8.0 pts · filed 2025-12-04 | 21.9% |
| Radoff Bradley Louis 13D · may seek influence -1.4 pts · filed 2026-04-14 | 11.4% |
| Barnwell Industries, Inc. Employees' Pension Plan Trust 13D · may seek influence +1.0 pts · filed 2025-09-11 | 6.2% |
JCP Investment Management, LLC
13D · may seek influence
new · filed 2026-04-17
Stated purposeThe Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in … Full filing |
5.1% |
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $21.4k | 0 | — | — |
| Q2 2023 | 2 | $604.7k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $63.3k | 0 | — | — |
| Q1 2024 | 1 | $26.4k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-31 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $69.4k24.0k shares |
| 2024-05-30 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $3.4k1.2k shares |
| 2024-05-29 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $9.0k3.2k shares |
| 2024-05-22 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $2.9k1.0k shares |
| 2024-05-21 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $9.8k3.5k shares |
| 2024-05-20 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $50.7k18.0k shares |
| 2024-05-08 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $5.4k1.9k shares |
| 2024-05-07 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $986352 shares |
| 2024-05-06 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $18.2k6.5k shares |
| 2024-04-25 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $59.6k21.3k shares |
| 2024-04-24 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $46.2k17.0k shares |
| 2024-04-22 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $7.8k2.7k shares |
| 2024-04-19 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $14.0k5.0k shares |
| 2024-04-18 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $124.4k44.4k shares |
| 2024-04-17 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $29.6k10.7k shares |
| 2024-04-16 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $18.4k6.7k shares |
| 2024-04-15 | SHERWOOD NED L +2 10% owner · MRMP-Managers LLC | Bought | $189.7k71.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 355.5k $835.5k | Added +6.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 348.8k $819.7k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 178.3k $419.0k | Added +3.4k |
| BlackRock Inc. 0.00% of their portfolio | 68.1k $160.1k | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 62.4k $146.8k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 57.1k $134.2k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 55.4k $130.2k | Reduced -9.8k |
| Empowered Funds, LLC 0.00% of their portfolio | 47.8k $112.3k | Reduced -40.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 41.1k $96.6k | Added +1.4k |
| INGALLS & SNYDER LLC 0.00% of their portfolio | 30.4k $71.0k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 29.4k $69.1k | Added +18.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 18.2k $43.0k | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 16.0k $37.0k | Reduced -25.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 14.8k $34.9k | Reduced -186 |
| STATE STREET CORP 0.00% of their portfolio | 13.6k $32.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 10.2k $24.0k | Added +198 |
| MORGAN STANLEY 0.00% of their portfolio | 3.9k $9.2k | Reduced -7.8k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 202 $475 | Reduced -2.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 41 $96 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 16 $38 | Reduced -6 |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 15 $36 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |