Sherwood Amends Stake in Barnwell Industries
Ticker: BRN · Form: SC 13D/A · Filed: Apr 17, 2024 · CIK: 10048
Sentiment: neutral
Topics: ownership-filing, amendment, insider-reporting
Related Tickers: BRN
TL;DR
Sherwood filed an amendment for his Barnwell Industries stake, still holding 14.9%.
AI Summary
Ned L. Sherwood, through the Ned L. Sherwood Revocable Trust and MRMP-Managers LLC, has amended their Schedule 13D filing for Barnwell Industries, Inc. on April 17, 2024. Sherwood previously reported beneficial ownership of 1,710,000 shares, representing 14.9% of the outstanding common stock, as of April 15, 2024. This filing is an amendment to their previous disclosures.
Why It Matters
This amendment indicates ongoing activity or changes in beneficial ownership by a significant shareholder in Barnwell Industries, potentially signaling shifts in control or strategy.
Risk Assessment
Risk Level: medium — Significant ownership changes or amendments by large shareholders can indicate potential activism or shifts in company control, warranting close monitoring.
Key Numbers
- 1,710,000 — Shares Owned (Represents 14.9% of Barnwell Industries' outstanding stock as of April 15, 2024.)
- 14.9% — Ownership Percentage (Indicates Ned L. Sherwood's significant stake in Barnwell Industries.)
Key Players & Entities
- Ned L. Sherwood (person) — Reporting Person
- Ned L. Sherwood Revocable Trust (company) — Filing Group Member
- MRMP-Managers LLC (company) — Filing Group Member
- Barnwell Industries, Inc. (company) — Subject Company
- 1,710,000 shares (dollar_amount) — Beneficially Owned Shares
- 14.9% (dollar_amount) — Percentage of Outstanding Stock
- April 17, 2024 (date) — Filing Date
- April 15, 2024 (date) — As of Date for Ownership
FAQ
What specific changes are detailed in Amendment No. 27 to the Schedule 13D filing?
The filing is an amendment to previous disclosures by Ned L. Sherwood regarding his beneficial ownership of Barnwell Industries, Inc. common stock.
Who are the entities filing this Schedule 13D/A?
The filing is made by Ned L. Sherwood, the Ned L. Sherwood Revocable Trust, and MRMP-Managers LLC.
What is the reported ownership percentage of Ned L. Sherwood in Barnwell Industries?
As of April 15, 2024, Ned L. Sherwood beneficially owned 1,710,000 shares, representing 14.9% of the outstanding common stock.
When was this amendment filed with the SEC?
This amendment (Amendment No. 27) was filed on April 17, 2024.
What is the CUSIP number for Barnwell Industries, Inc. common stock?
The CUSIP number for Barnwell Industries, Inc. common stock is 068221100.
Filing Stats: 1,299 words · 5 min read · ~4 pages · Grade level 9.5 · Accepted 2024-04-17 16:50:55
Key Financial Figures
- $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securiti
- $237,522 — gregate purchase price of approximately $237,522, excluding brokerage commissions. The s
Filing Documents
- ea0204047-13da27sher_barn.htm (SC 13D/A) — 57KB
- 0001213900-24-033846.txt ( ) — 59KB
Source and Amount of Funds or Other
Item 3. Source and Amount of Funds or Other Consideration.
is amended and supplemented as follows
Item 3 is amended and supplemented as follows: On April 15, 2024, April 16, 2024 and April 17, 2024, MRMP-Managers, LLC acquired an aggregate of 88,411 shares of Common Stock in a series of open market purchases for an aggregate purchase price of approximately $237,522, excluding brokerage commissions. The source of these funds was investment capital.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
of the Schedule 13D is hereby amended as
Item 5 of the Schedule 13D is hereby amended as follows: (a) Mr. Sherwood beneficially owns in the aggregate 2,855,865.138 shares of Common Stock, which represents approximately 28.48% of the Company’s outstanding shares of Common Stock. Each percentage ownership of Common Stock set forth in this Statement is based on the 10,028,090 shares of Common Stock reported by the Company as outstanding as of February 7, 2024 in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 12, 2024. (c) Transactions effected by MRMP-Managers, LLC in the Common Stock since the filing of Amendment No. 26 to the Schedule 13D are set forth on Schedule A to this no Reporting Person has effected any transactions in shares of the Issuer’s Common Stock during the last 60 days.
Contracts, Arrangements, Understandings
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Statement, which agreement is set forth on the signature page to this Statement. CUSIP No. 068221100 13D Page 6 of 6 Pages SIGNATURE After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Statement on Schedule 13D with respect to the Common Stock of the Company. Dated: April 17, 2024 /s/ Ned L. Sherwood NED L. SHERWOOD MRMP-MANAGERS LLC By: /s/ Ned L. Sherwood Name: Ned L. Sherwood Title: Chief Investment Officer NED L. SHERWOOD REVOCABLE TRUST By: /s/ Ned L. Sherwood Name: Ned L. Sherwood Title: Trustee Schedule A Transactions in the Common Stock in the Past 60 Days: MRMP-Managers, LLC : Transaction Date Number of Shares Bought/(Sold) Price Per Share ($) 04/15/2024 71,050 $ 2.67 04/16/2024 6,711 $ 2.74 04/17/2024 10,650 $ 2.78