Form 4: Joshua Horowitz Increases Stake in Barnwell Industries
SEC Form 4
Director Joshua Horowitz reports purchases of Barnwell Industries (BRN) common stock through Palm Global Small Cap Master Fund LP.
Summary
- Joshua Horowitz, a director of Barnwell Industries Inc (BRN), reported the acquisition of additional shares of common stock.
- On August 21, 2024, 7,000 shares were purchased at a weighted average price of $2.2422 per share, with individual prices ranging from $2.21 to $2.27.
- On August 23, 2024, an additional 10,096 shares were purchased at a weighted average price of $2.3011 per share, with individual prices ranging from $2.25 to $2.32.
- These purchases were made indirectly through Palm Global Small Cap Master Fund LP, where Mr. Horowitz serves as a portfolio manager and special limited partner.
- Following these transactions, the total number of shares beneficially owned indirectly by Mr. Horowitz through Palm Global is 270,276.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects insider buying, which can be seen as a positive signal, but the information is purely factual and doesn't provide a strong indication of future performance.
Positives
- Director's purchase may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view the director's stock purchase as a positive sign.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Purchase of 7,000 shares of common stock at a weighted average price of $2.2422. |
| 08/23/2024 | Purchase of 10,096 shares of common stock at a weighted average price of $2.3011. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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