Cadiz Inc. (NASDAQ:CDZI) Shares Purchased by HCR Wealth Advisors

HCR Wealth Advisors lifted its position in Cadiz Inc. (NASDAQ:CDZI) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 528,000 shares of the company’s stock after purchasing an additional 72,079 shares during the quarter. HCR Wealth Advisors owned about 0.70% of Cadiz worth $2,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CDZI. Geode Capital Management LLC raised its position in Cadiz by 3.2% in the third quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock valued at $2,998,000 after purchasing an additional 30,354 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Cadiz in the third quarter valued at $45,000. Barclays PLC raised its holdings in shares of Cadiz by 315.6% in the 3rd quarter. Barclays PLC now owns 60,217 shares of the company’s stock valued at $183,000 after buying an additional 45,728 shares during the period. Evoke Wealth LLC lifted its stake in Cadiz by 70.4% during the 2nd quarter. Evoke Wealth LLC now owns 73,200 shares of the company’s stock worth $226,000 after acquiring an additional 30,235 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Cadiz by 27.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after acquiring an additional 4,329 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Cadiz to a “sell” rating in a research note on Friday, November 15th.

Cadiz Stock Up 6.5 %

Shares of Cadiz stock opened at $5.28 on Thursday. Cadiz Inc. has a one year low of $2.12 and a one year high of $5.68. The business has a 50-day simple moving average of $4.17 and a 200-day simple moving average of $3.55. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87.

Insider Buying and Selling

In other Cadiz news, major shareholder International Group Se Heerema bought 2,070,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $3.34 per share, for a total transaction of $6,913,800.00. Following the completion of the purchase, the insider now directly owns 22,783,965 shares in the company, valued at $76,098,443.10. This trade represents a 9.99 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

About Cadiz

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.