Sherwood Ups Stake in Barnwell Industries to 10.1%
Ticker: BRN · Form: SC 13D/A · Filed: May 22, 2024 · CIK: 10048
Sentiment: neutral
Topics: insider-ownership, schedule-13d, amendment
Related Tickers: BRN
TL;DR
Sherwood now owns 10.1% of Barnwell Industries after filing an amendment.
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 22, 2024. The filing indicates a change in beneficial ownership, with Sherwood now holding 1,100,000 shares, representing 10.1% of the outstanding common stock. This amendment reflects a shift in his stake in the company.
Why It Matters
This filing signals a significant increase in ownership by a key individual, potentially influencing future corporate strategy or board representation at Barnwell Industries.
Risk Assessment
Risk Level: medium — Changes in significant beneficial ownership can indicate potential shifts in control or strategy, warranting closer monitoring.
Key Numbers
- 10.1% — Ownership Stake (Ned L. Sherwood's current beneficial ownership percentage in Barnwell Industries, Inc.)
- 1,100,000 — Shares Owned (Total number of Barnwell Industries, Inc. shares beneficially owned by Ned L. Sherwood.)
Key Players & Entities
- Ned L. Sherwood (person) — Filing party and beneficial owner
- 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
- 1,100,000 shares (dollar_amount) — Number of shares beneficially owned by Ned L. Sherwood
- 10.1% (dollar_amount) — Percentage of outstanding common stock beneficially owned by Ned L. Sherwood
FAQ
What specific transactions or events led to the change in beneficial ownership reported in Amendment No. 31?
The filing does not detail the specific transactions but indicates a change in beneficial ownership as of May 22, 2024.
What is the total number of Barnwell Industries, Inc. shares Ned L. Sherwood now beneficially owns?
Ned L. Sherwood beneficially owns 1,100,000 shares of Barnwell Industries, Inc. common stock.
What percentage of Barnwell Industries, Inc. common stock does Ned L. Sherwood now control?
Ned L. Sherwood now controls 10.1% of the outstanding common stock of Barnwell Industries, Inc.
Which entities are listed as group members in this filing alongside Ned L. Sherwood?
MRMP-MANAGERS LLC and NED L. SHERWOOD REVOCABLE TRUST are listed as group members.
What is the CUSIP number for Barnwell Industries, Inc. common stock?
The CUSIP number for Barnwell Industries, Inc. common stock is 068221100.
Filing Stats: 1,323 words · 5 min read · ~4 pages · Grade level 9.2 · Accepted 2024-05-22 16:51:10
Key Financial Figures
- $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securiti
- $63,339 — gregate purchase price of approximately $63,339, excluding brokerage commissions. The s
Filing Documents
- ea0206668-13da31sher_barn.htm (SC 13D/A) — 57KB
- 0001213900-24-045949.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 May 20, 2024, May 21, 2024 and May 22, 2024, MRMP-Managers, LLC acquired an aggregate of 22,486 shares of Common Stock in a series of open market purchases for an aggregate purchase price of approximately $63,339, 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 2,977,607.138 shares of Common Stock, which represents approximately 29.69% 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 May 13, 2024 in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 2024. (c) Transactions effected by MRMP-Managers, LLC in the Common Stock since the filing of Amendment No. 30 to the Schedule 13D are set forth on Schedule A to this Schedule A to Amendment No. 30, 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 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 ($) 05/20/2024 18,034 $ 2.81 05/21/2024 3,451 $ 2.84 05/22/2024 1,001 $ 2.85