Cadiz (NASDAQ:CDZI) Upgraded at StockNews.com

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

Cadiz Price Performance

NASDAQ:CDZI opened at $3.32 on Friday. The company has a market cap of $226.35 million, a PE ratio of -6.51 and a beta of 0.85. Cadiz has a 52-week low of $2.12 and a 52-week high of $3.85. The stock has a 50-day simple moving average of $3.15 and a 200 day simple moving average of $3.14. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.40 and a current ratio of 1.36.

Insiders Place Their Bets

In other news, major shareholder International Group Se Heerema bought 2,070,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the purchase, the insider now owns 22,783,965 shares of the company’s stock, valued at approximately $76,098,443.10. This trade represents a 9.99 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Cadiz by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock worth $2,998,000 after buying an additional 30,354 shares during the period. Barclays PLC increased its position in shares of Cadiz by 315.6% in the third quarter. Barclays PLC now owns 60,217 shares of the company’s stock worth $183,000 after purchasing an additional 45,728 shares during the period. B. Riley Financial Inc. raised its position in shares of Cadiz by 125.8% in the 3rd quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after buying an additional 104,400 shares in the last quarter. BNP Paribas Financial Markets raised its position in Cadiz by 27.0% during the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after purchasing an additional 4,329 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Cadiz during the 3rd quarter worth $58,000. 79.75% of the stock is currently owned by institutional investors.

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.