Cadiz Inc. (NASDAQ:CDZI - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.97 and traded as high as $5.20. Cadiz shares last traded at $4.98, with a volume of 394,011 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Cadiz to a "sell" rating in a report on Friday, November 15th.
Read Our Latest Stock Report on Cadiz
Cadiz Trading Down 4.2 %
The stock has a market cap of $358.63 million, a P/E ratio of -9.35 and a beta of 0.93. The firm's 50 day simple moving average is $3.97 and its two-hundred day simple moving average is $3.47. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88.
Insider Buying and Selling
In related news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the purchase, the insider now directly owns 22,783,965 shares in the company, valued at $76,098,443.10. This represents a 9.99 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Cadiz
Several hedge funds and other institutional investors have recently modified their holdings of CDZI. HCR Wealth Advisors raised its stake in shares of Cadiz by 347.6% during the second quarter. HCR Wealth Advisors now owns 366,687 shares of the company's stock valued at $1,133,000 after purchasing an additional 284,766 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Cadiz during the 3rd quarter worth about $45,000. Evoke Wealth LLC lifted its stake in shares of Cadiz by 70.4% in 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 during the period. BNP Paribas Financial Markets boosted its holdings in shares of Cadiz by 27.0% in the third 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 in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Cadiz during the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 79.75% of the company's stock.
About Cadiz
(
Get Free Report)
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.
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