Cadiz Inc. (NASDAQ:CDZI) Stake Trimmed by 272 Capital LP

272 Capital LP decreased its stake in shares of Cadiz Inc. (NASDAQ:CDZI - Free Report) by 70.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,056,560 shares of the company's stock after selling 2,466,022 shares during the quarter. Cadiz comprises approximately 3.5% of 272 Capital LP's investment portfolio, making the stock its 5th largest holding. 272 Capital LP owned about 1.55% of Cadiz worth $3,201,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CDZI. Rhumbline Advisers raised its stake in Cadiz by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 46,978 shares of the company's stock worth $145,000 after buying an additional 2,995 shares during the period. BNP Paribas Financial Markets raised 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 purchasing an additional 4,329 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in shares of 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 purchasing an additional 8,500 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Cadiz in the 2nd quarter valued at $31,000. Finally, Elkhorn Partners Limited Partnership grew its position in Cadiz by 2.3% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 655,247 shares of the company's stock valued at $2,025,000 after purchasing an additional 14,447 shares during the period. Institutional investors own 79.75% of the company's stock.

Insider Transactions at Cadiz

In other news, major shareholder International Group Se Heerema bought 2,070,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $3.34 per share, for a total transaction of $6,913,800.00. Following the completion of the acquisition, the insider now directly owns 22,783,965 shares in the company, valued at approximately $76,098,443.10. This trade represents a 9.99 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company's stock.

Cadiz Stock Up 4.7 %

Shares of CDZI traded up $0.20 on Friday, reaching $4.44. The company's stock had a trading volume of 668,265 shares, compared to its average volume of 795,828. The stock has a market capitalization of $333.80 million, a PE ratio of -8.71 and a beta of 0.85. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $4.72. The firm has a fifty day moving average of $3.27 and a 200-day moving average of $3.22.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cadiz to a "sell" rating in a report on Friday, November 15th.

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.