Cadiz Inc. (NASDAQ:CDZI - Get Free Report) major shareholder International Group Se Heerema purchased 2,070,000 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the acquisition, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Cadiz Stock Up 4.7 %
CDZI opened at $3.75 on Thursday. Cadiz Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $3.85. The company has a market capitalization of $254.63 million, a P/E ratio of -7.35 and a beta of 0.85. The stock has a fifty day moving average of $3.13 and a 200-day moving average of $3.07. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.40 and a current ratio of 1.89.
Cadiz (NASDAQ:CDZI - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.05). The company had revenue of $0.51 million for the quarter, compared to the consensus estimate of $4.00 million. Cadiz had a negative net margin of 1,095.05% and a negative return on equity of 77.51%. On average, equities analysts expect that Cadiz Inc. will post -0.47 EPS for the current year.
Institutional Inflows and Outflows
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Several institutional investors have recently added to or reduced their stakes in CDZI. Levin Capital Strategies L.P. boosted its holdings in shares of Cadiz by 116.2% in the 1st quarter. Levin Capital Strategies L.P. now owns 2,105,529 shares of the company's stock valued at $6,106,000 after purchasing an additional 1,131,576 shares in the last quarter. HCR Wealth Advisors boosted its stake in Cadiz by 347.6% in the second quarter. HCR Wealth Advisors now owns 366,687 shares of the company's stock valued at $1,133,000 after buying an additional 284,766 shares in the last quarter. Vanguard Group Inc. grew its position in Cadiz by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company's stock valued at $6,613,000 after acquiring an additional 113,834 shares during the last quarter. GAM Holding AG grew its position in Cadiz by 100.0% in the third quarter. GAM Holding AG now owns 100,000 shares of the company's stock valued at $303,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Christopher J. Hasenberg Inc acquired a new position in Cadiz during the 2nd quarter worth approximately $123,000. 79.75% of the stock is currently owned by institutional investors and hedge funds.
About Cadiz
(
Get Free Report)
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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