Cadiz (NASDAQ:CDZI) Upgraded at StockNews.com

StockNews.com upgraded shares of Cadiz (NASDAQ:CDZI) to a sell rating in a research report sent to investors on Friday morning.

Cadiz Stock Up 2.5 %

CDZI stock opened at $3.32 on Friday. The firm has a market cap of $226.36 million, a PE ratio of -6.51 and a beta of 0.85. Cadiz has a 1 year low of $2.12 and a 1 year high of $3.85. The company has a fifty day simple moving average of $3.15 and a 200 day simple moving average of $3.14. The company has a current ratio of 1.36, a quick ratio of 1.40 and a debt-to-equity ratio of 3.88.

Insider Activity

In other news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $3.34 per share, with a total value of $6,913,800.00. Following the acquisition, the insider now owns 22,783,965 shares in the company, valued at approximately $76,098,443.10. This represents a 9.99 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Cadiz by 6.8% in the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after purchasing an additional 2,995 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Cadiz by 27.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after buying an additional 4,329 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in Cadiz by 70.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after buying an additional 8,500 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Cadiz during the second quarter worth approximately $31,000. Finally, Elkhorn Partners Limited Partnership boosted its position in shares of Cadiz by 2.3% in the second quarter. Elkhorn Partners Limited Partnership now owns 655,247 shares of the company’s stock valued at $2,025,000 after acquiring an additional 14,447 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Company Profile

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.