Sherwood Amends Barnwell Industries Stake Filing
Ticker: BRN · Form: SC 13D/A · Filed: Apr 22, 2024 · CIK: 10048
| Field | Detail |
|---|---|
| Company | Barnwell Industries INC (BRN) |
| Form Type | SC 13D/A |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.50, $146,243 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, amendment, shareholder-activity
Related Tickers: BRN
TL;DR
Sherwood updated his Barnwell stake filing (AM28) - watch for any shifts.
AI Summary
Ned L. Sherwood, through MRMP-MANAGERS LLC and the NED L. SHERWOOD REVOCABLE TRUST, has amended their Schedule 13D filing for Barnwell Industries, Inc. on April 22, 2024. This amendment, number 28, indicates a change in the reporting of their beneficial ownership of Barnwell Industries' common stock.
Why It Matters
This filing update by a significant shareholder like Ned L. Sherwood can signal changes in their investment strategy or confidence in Barnwell Industries, potentially influencing market perception and stock price.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings, especially significant ones like Amendment 28, can indicate shifts in a major shareholder's position or strategy, which may impact the stock.
Key Numbers
- 28 — Amendment Number (Indicates this is the 28th update to the filing.)
- 20240422 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- Ned L. Sherwood (person) — Reporting Person
- MRMP-MANAGERS LLC (company) — Filing Group Member
- NED L. SHERWOOD REVOCABLE TRUST (company) — Filing Group Member
- BARNWELL INDUSTRIES, INC. (company) — Subject Company
FAQ
What specific changes in beneficial ownership are reported in Amendment No. 28?
The filing does not specify the exact changes in beneficial ownership in the provided text, only that it is an amendment to Schedule 13D.
Who are the primary entities filing this amendment?
The primary entities filing are Ned L. Sherwood, MRMP-MANAGERS LLC, and the NED L. SHERWOOD REVOCABLE TRUST.
What is the CUSIP number for Barnwell Industries, Inc. common stock?
The CUSIP number for Barnwell Industries, Inc. common stock is 068221100.
When was the previous amendment filed or what was the last reported change?
The provided text does not contain information about the date or content of previous amendments, only that this is Amendment No. 28.
What is the business address of Barnwell Industries, Inc.?
The business address of Barnwell Industries, Inc. is 1100 ALAKEA ST., SUITE 500, HONOLULU, HI 96813.
Filing Stats: 1,305 words · 5 min read · ~4 pages · Grade level 9.4 · Accepted 2024-04-22 17:03:07
Key Financial Figures
- $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securiti
- $146,243 — gregate purchase price of approximately $146,243, excluding brokerage commissions. The s
Filing Documents
- ea0204047-13da28sher_barn.htm (SC 13D/A) — 57KB
- 0001213900-24-034972.txt ( ) — 58KB
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 18, 2024, April 19, 2024 and April 22, 2024, MRMP-Managers, LLC acquired an aggregate of 52,150 shares of Common Stock in a series of open market purchases for an aggregate purchase price of approximately $146,243, 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 2,908,015.138 shares of Common Stock, which represents approximately 29.0% 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. 27 to the Schedule 13D are set forth on Schedule A to this and Schedule A to Amendment No. 27, 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 22, 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 ($) 04/18/2024 44,439 $ 2.80 04/19/2024 5,011 $ 2.80 04/22/2024 2,700 $ 2.89