Capstone Investment Advisors LLC Sells 260,100 Shares of Cadiz Inc. (NASDAQ:CDZI)

Capstone Investment Advisors LLC reduced its holdings in Cadiz Inc. (NASDAQ:CDZI - Free Report) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,719,900 shares of the company's stock after selling 260,100 shares during the quarter. Capstone Investment Advisors LLC owned 2.52% of Cadiz worth $5,211,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CDZI. Rhumbline Advisers lifted its holdings 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in Cadiz by 27.0% in the 3rd 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. Joel Isaacson & Co. LLC boosted its position in Cadiz by 70.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company's stock worth $62,000 after acquiring an additional 8,500 shares during the period. Nisa Investment Advisors LLC purchased a new position in Cadiz during the 2nd quarter valued at about $31,000. Finally, Elkhorn Partners Limited Partnership increased its holdings in shares of 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. 79.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Cadiz Stock Up 4.7 %

Shares of NASDAQ CDZI traded up $0.20 during mid-day trading on Friday, reaching $4.44. The company had a trading volume of 668,265 shares, compared to its average volume of 231,157. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $4.72. The stock's 50 day moving average is $3.24 and its 200-day moving average is $3.20. The stock has a market capitalization of $333.80 million, a PE ratio of -8.31 and a beta of 0.85.

Insider Buying and Selling at Cadiz

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