Barnwell Industries CFO buys $6,956 in company stock By Investing.com

Philip F. Patman Jr., Chief Financial Officer and Treasurer of Barnwell Industries Inc. (), recently acquired $6,956 worth of the company’s common stock through open market purchases. The transactions occurred on September 8 and September 9, 2026. The insider buying comes as the company trades near its 52-week low of $0.91, with shares down roughly 13% over the past year and posting a negative 10% return year-to-date.

On September 8, Mr. Patman acquired 5,219 shares of Barnwell Industries common stock at prices ranging from $1.00 to $1.00 per share. The following day, September 9, he purchased an additional 1,737 shares, with prices for these transactions ranging from $1.00 to $1.01 per share. These purchases were made indirectly through the Philip F. Patman, Jr. Exempt Trust, for which Mr. Patman serves as the sole trustee.

Following these transactions, Mr. Patman’s indirect beneficial ownership through the trust increased to 6,956 shares. He also directly holds 219,557 shares, some of which are restricted stock awards subject to applicable vesting schedules and conditions. According to InvestingPro analysis, Barnwell appears overvalued at current levels, with the company posting negative earnings of $0.45 per share. Want deeper insights? InvestingPro offers additional exclusive tips and comprehensive financial metrics for BRN.

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