Sherwood Amends Barnwell Industries Stake
Ticker: BRN · Form: SC 13D/A · Filed: May 31, 2024 · CIK: 10048
| Field | Detail |
|---|---|
| Company | Barnwell Industries INC (BRN) |
| Form Type | SC 13D/A |
| Filed Date | May 31, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.50, $81,729 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: BRN
TL;DR
Sherwood updated his 13D on BARNWELL, watch this.
AI Summary
Ned L. Sherwood, through MRMP-MANAGERS LLC and the NED L. SHERWOOD REVOCABLE TRUST, filed an amendment (No. 32) on May 31, 2024, to their Schedule 13D concerning Barnwell Industries, Inc. This filing indicates a change in beneficial ownership of the company's common stock.
Why It Matters
This filing signals a potential shift in control or strategy for Barnwell Industries, Inc., as a significant shareholder has updated their ownership disclosure.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or shifts in stock price.
Key Numbers
- 32 — Amendment Number (Indicates this is the 32nd update to the filing.)
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
FAQ
What is the specific change in beneficial ownership reported in this amendment?
The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not fully detailed in the provided header information.
Who are the primary filers of this Schedule 13D amendment?
The primary filers are Ned L. Sherwood, MRMP-MANAGERS LLC, and the NED L. SHERWOOD REVOCABLE TRUST.
What is the subject company of this filing?
The subject company is BARNWELL INDUSTRIES, INC.
On what date was this amendment filed?
This amendment was filed on May 31, 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: 1,329 words · 5 min read · ~4 pages · Grade level 9.2 · Accepted 2024-05-31 17:03:24
Key Financial Figures
- $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securiti
- $81,729 — gregate purchase price of approximately $81,729, excluding brokerage commissions. The s
Filing Documents
- ea0207148-13da32sher_barn.htm (SC 13D/A) — 64KB
- 0001213900-24-048533.txt ( ) — 66KB
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 29, 2024, May 30, 2024 and May 31, 2024, MRMP-Managers, LLC acquired an aggregate of 28,426 shares of Common Stock in a series of open market purchases for an aggregate purchase price of approximately $81,729, 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 3,006,033.138 shares of Common Stock, which represents approximately 29.98% 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. 31 to the Schedule 13D are set forth on Schedule A to this Schedule A to Amendment No. 31, 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 31, 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 ($) 05/29/2024 3,205 $ 2.80 05/30/2024 1,210 $ 2.85 05/31/2024 24,011 $ 2.89