Sherwood Amends Stake in Barnwell Industries
Ticker: BRN · Form: SC 13D/A · Filed: May 8, 2024 · CIK: 10048
Sentiment: neutral
Topics: 13D-filing, ownership-change, energy
Related Tickers: BRN
TL;DR
Sherwood's 30th amendment to his Barnwell Industries stake filed 5/8. Watch this space.
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 May 8, 2024. This amendment, the 30th, indicates a change in their beneficial ownership of Barnwell Industries' common stock. Sherwood's filing history suggests ongoing activity and potential strategic interest in the company.
Why It Matters
This filing indicates a potential shift in control or influence for Barnwell Industries, as a significant shareholder is updating their position. Investors will monitor future filings for further strategic moves.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often signal changes in a significant shareholder's intentions, which can lead to increased volatility and strategic shifts in the company.
Key Numbers
- 30 — Amendment Number (This is the 30th amendment to the Schedule 13D filing, indicating ongoing activity and updates from the filer.)
- 20240508 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- Ned L. Sherwood (person) — Filing party and beneficial owner
- MRMP-MANAGERS LLC (company) — Group member in filing
- NED L. SHERWOOD REVOCABLE TRUST (company) — Group member in filing
- BARNWELL INDUSTRIES, INC. (company) — Subject company
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 30?
The filing does not specify the exact percentage or number of shares changed in this amendment, only that it is an amendment to Schedule 13D.
What is the primary business of Barnwell Industries, Inc.?
Barnwell Industries, Inc. is in the Crude Petroleum & Natural Gas industry (SIC code 1311).
Who are the group members filing this Schedule 13D/A?
The group members are MRMP-MANAGERS LLC and NED L. SHERWOOD REVOCABLE TRUST.
What is Ned L. Sherwood's mailing address according to the filing?
Ned L. Sherwood's mailing address is listed as 54 Morris Lane, Scarsdale, NY 10583.
What is the CUSIP number for Barnwell Industries, Inc. common stock?
The CUSIP number for Barnwell Industries, Inc. common stock is 068221100.
Filing Stats: 1,317 words · 5 min read · ~4 pages · Grade level 9.3 · Accepted 2024-05-08 16:47:32
Key Financial Figures
- $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securiti
- $24,614 — gregate purchase price of approximately $24,614, excluding brokerage commissions. The s
Filing Documents
- ea0205512-13da30sher_barn.htm (SC 13D/A) — 57KB
- 0001213900-24-040918.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 May 6, 2024, May 7, 2024 and May 8, 2024, MRMP-Managers, LLC acquired an aggregate of 8,782 shares of Common Stock in a series of open market purchases for an aggregate purchase price of approximately $24,614, 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 2,955,121.138 shares of Common Stock, which represents approximately 29.47% 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. 29 to the Schedule 13D are set forth on Schedule A to this Schedule A to 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: May 8, 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 ($) 05/06/2024 6,524 $ 2.79 05/07/2024 352 $ 2.80 05/08/2024 1,906 $ 2.84