---
title: "James C. Pappas Takes Activist Stake in Barnwell Industries Inc with 5.1%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283186652.md"
description: "James C. Pappas has acquired a 5.1% stake in Barnwell Industries Inc, as disclosed in a Schedule 13D filed on April 17, 2026. Through JCP Investment Management, he aims to engage with the company regarding strategic options, citing undervaluation as a reason for his investment. Pappas may propose changes in capital allocation, ownership, and board composition, and is open to further share transactions depending on developments. He is known for targeting small and mid-cap companies to drive operational and governance changes."
datetime: "2026-04-17T19:26:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283186652.md)
  - [en](https://longbridge.com/en/news/283186652.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283186652.md)
---

# James C. Pappas Takes Activist Stake in Barnwell Industries Inc with 5.1%

James C. Pappas disclosed a 5.1% stake in Barnwell Industries Inc’s common stock. He filed a Schedule 13D on Apr. 17, 2026, after accumulating shares through JCP Investment Management and its accounts. The move positions Pappas to engage the company and consider strategic options.

**Investor Intent**

Pappas says he bought the shares because they looked undervalued and he may take a more active role. He is considering “engaging in communications with management and the Board” and talking with other shareholders and potential buyers.

He may propose changes to capital allocation, ownership and board makeup, and even explore “including a sale of the Issuer as a whole or in parts.” He could also buy more shares, sell shares, or use hedging, depending on how the situation develops.

**Investor's Background**

James C. Pappas leads Houston-based JCP Investment Management, LLC, which invests in public equities and manages separate accounts. Pappas is best known as an activist investor who targets small and mid-cap companies and seeks operational and governance changes. He has led campaigns across energy and consumer names, often pushing for capital allocation discipline and board refreshes.

Original SEC Filing: BARNWELL INDUSTRIES INC \[ BRN \] - SCHEDULE 13D - Apr. 17, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [BRN.US](https://longbridge.com/en/quote/BRN.US.md)

## Related News & Research

- [Barnwell Industries reports Q2 revenue $2.54M, net loss narrows to $1.15M; cash $4.02M](https://longbridge.com/en/news/287679507.md)
- [Cattle Look to Close Out May](https://longbridge.com/en/news/288069995.md)
- [German American Bank Awarded Raymond James Community Bankers Cup for 2025 Performance | GABC Stock News](https://longbridge.com/en/news/287809403.md)
- [Are recessions a good thing](https://longbridge.com/en/news/287975804.md)
- [Raymond James Financial holds 2026 Analyst & Investor Day, outlines growth, tech and capital priorities](https://longbridge.com/en/news/287769779.md)