StockNews.com Upgrades Cadiz (NASDAQ:CDZI) to Sell

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

Cadiz Price Performance

Cadiz stock opened at $3.32 on Friday. The stock’s 50 day moving average is $3.15 and its 200 day moving average is $3.14. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 1.40. Cadiz has a one year low of $2.12 and a one year high of $3.85. The firm has a market cap of $226.35 million, a P/E ratio of -6.51 and a beta of 0.85.

Insider Transactions at Cadiz

In related news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the transaction, the insider now directly owns 22,783,965 shares of the company’s stock, valued at $76,098,443.10. This trade represents a 9.99 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Cadiz

A number of institutional investors have recently modified their holdings of CDZI. Nisa Investment Advisors LLC bought a new position in Cadiz during the second quarter valued at about $31,000. SG Americas Securities LLC bought a new position in shares of Cadiz during the 3rd quarter worth $45,000. The Manufacturers Life Insurance Company bought a new stake in Cadiz in the 3rd quarter valued at about $58,000. Joel Isaacson & Co. LLC lifted its stake in shares of Cadiz by 70.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after buying an additional 8,500 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Cadiz by 27.0% during the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after acquiring an additional 4,329 shares in the last quarter. 79.75% of the stock is owned by institutional investors and hedge funds.

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.