Sherwood Amends Barnwell Industries Stake
Ticker: BRN · Form: SC 13D/A · Filed: Apr 26, 2024 · CIK: 10048
Sentiment: neutral
Topics: 13D-filing, insider-filing, energy
Related Tickers: BRN
TL;DR
Sherwood updated his Barnwell Industries filing, watch for changes.
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 26, 2024. This amendment reflects changes in beneficial ownership, though specific new dollar amounts or percentage changes were not detailed in the provided excerpt. Sherwood has been a significant stakeholder in Barnwell Industries, a company primarily involved in crude petroleum and natural gas.
Why It Matters
This filing indicates potential shifts in control or strategy for Barnwell Industries, a player in the energy sector, which could impact its stock performance and future operations.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often signal changes in significant shareholder intentions, which can introduce volatility.
Key Players & Entities
- Ned L. Sherwood (person) — Filing party and significant shareholder
- MRMP-MANAGERS LLC (company) — Entity through which Sherwood holds shares
- NED L. SHERWOOD REVOCABLE TRUST (company) — Entity through which Sherwood holds shares
- BARNWELL INDUSTRIES, INC. (company) — Subject company
- 0001213900-24-036701 (filing_id) — Accession number for the filing
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 29?
The provided excerpt does not specify the exact changes in beneficial ownership or the new percentage of shares held by Ned L. Sherwood or the associated entities.
When was the previous amendment filed by Ned L. Sherwood for Barnwell Industries?
The filing is Amendment No. 29, but the date of the previous amendment (No. 28) is not specified in this excerpt.
What is Barnwell Industries, Inc.'s primary business sector?
Barnwell Industries, Inc. is primarily involved in Crude Petroleum & Natural Gas, with SIC code 1311.
What is the CUSIP number for Barnwell Industries, Inc. common stock?
The CUSIP number for Barnwell Industries, Inc. common stock is 068221100.
Where is Barnwell Industries, Inc. headquartered?
Barnwell Industries, Inc. is headquartered in Honolulu, HI, with a business address at 1100 Alakea St., Suite 500.
Filing Stats: 1,304 words · 5 min read · ~4 pages · Grade level 9.5 · Accepted 2024-04-26 17:00:08
Key Financial Figures
- $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securiti
- $105,839 — gregate purchase price of approximately $105,839, excluding brokerage commissions. The s
Filing Documents
- ea0204047-13da29sher_barn.htm (SC 13D/A) — 57KB
- 0001213900-24-036701.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 24, 2024 and April 25, 2024, MRMP-Managers, LLC acquired an aggregate of 38,324 shares of Common Stock in a series of open market purchases for an aggregate purchase price of approximately $105,839, 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 2,946,339.138 shares of Common Stock, which represents approximately 29.38% 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. 28 to the Schedule 13D are set forth on Schedule A to this Statement. Each of these transactions was effected through the open market. Except as reported on Schedule A to this Amendment No. 29, Schedule A to Amendment No. 28 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 26, 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 ($) 04/24/2024 17,048 $ 2.71 04/25/2024 21,276 $ 2.80