Barnwell Stock Sees Major Insider Buying Spree!
On November 26, 2025, significant insider buying occurred at Barnwell (BRN). Director Joshua Horowitz, Executive VP – Finance Philip F Jr Patman, and Director Kenneth S Grossman collectively purchased over 162,922 shares. Barnwell also announced a private placement to raise $2.4 million and strategic changes including new appointments. Despite these moves, the stock faces challenges with declining revenues and profitability, holding a Neutral rating from analysts.
New insider activity at Barnwell ( (BRN) ) has taken place on November 26, 2025.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
In a series of significant transactions, Director Joshua Horowitz acquired 59,563 shares of Barnwell stock valued at $65,519. Similarly, Executive VP – Finance Philip F Jr Patman purchased 43,796 shares worth $48,175. Additionally, Director Kenneth S Grossman also bought 59,563 shares, matching Horowitz’s purchase, with a total value of $65,519.
Recent Updates on BRN stock
Barnwell Industries recently announced a private placement agreement to issue approximately 2.2 million shares of common stock and warrants, aiming to raise around $2.4 million. This initiative is part of Barnwell’s strategic repositioning to enhance profitability and shareholder value, following its exit from the water well drilling business and closure of its Hawaii headquarters. The transaction, led by Bradley Radoff, also involves appointing Joshua Schechter to the board to strengthen Barnwell’s balance sheet and focus on high-return investments. Additionally, Barnwell announced the appointment of Philip Patman, Jr. as Executive Vice President, Finance, with plans for him to become CFO following the retirement of Russell Gifford. Despite these strategic moves, Barnwell’s stock faces challenges with declining revenues and profitability, as reflected in its current analyst rating of Hold and a Neutral rating from Spark’s AI Analyst. Technical analysis shows some short-term positive signals, but the stock’s valuation remains unattractive due to negative earnings and lack of dividends.
Spark’s Take on BRN Stock
According to Spark, TipRanks’ AI Analyst, BRN is a Neutral.
Barnwell’s overall stock score reflects significant financial challenges, with declining revenues and profitability being the most impactful factors. Technical analysis provides some short-term positive signals, but valuation remains unattractive due to negative earnings and lack of dividends. Strategic improvements are necessary to enhance financial performance and investor appeal.
To see Spark’s full report on BRN stock, click here.
More about Barnwell
YTD Price Performance: -21.43%
Average Trading Volume: 52,222
Technical Sentiment Signal: Sell
Current Market Cap: $12.19M
