The President & CEO of Barnwell Industries (NYSE: BRN) is Buying Shares

By Carrie Williams

Today, the President & CEO of Barnwell Industries (BRNResearch Report), Alexander Kinzler, bought shares of BRN for $7,650.

This recent transaction increases Alexander Kinzler’s holding in the company by 1.54% to a total of $457.3K. In addition to Alexander Kinzler, one other BRN executive reported Buy trades in the last month.

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Based on Barnwell Industries’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.37 million and GAAP net loss of $1.06 million. In comparison, last year the company earned revenue of $1.86 million and had a GAAP net loss of $1.02 million. Currently, Barnwell Industries has an average volume of 19.13K.

In the last 30 days, insiders have sold $6,295 worth of BRN shares and purchased $7,650 worth of BRN shares.

Alexander Kinzler’s trades have generated a -3.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Barnwell Industries, Inc. engages in the oil and natural gas exploration, land investment, and contract drilling. It operates through the following segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The Oil and Natural Gas segment engages in the exploration, development, production and sale of oil and natural gas in Canada.