Cadiz Inc. (NASDAQ:CDZI) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC trimmed its holdings in shares of Cadiz Inc. (NASDAQ:CDZI) by 13.1% during the third quarter, Holdings Channel reports. The firm owned 1,719,900 shares of the company’s stock after selling 260,100 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Cadiz were worth $5,211,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CDZI. Nisa Investment Advisors LLC acquired a new stake in Cadiz during the second quarter worth about $31,000. HCR Wealth Advisors lifted its holdings in shares of Cadiz by 347.6% in the 2nd quarter. HCR Wealth Advisors now owns 366,687 shares of the company’s stock worth $1,133,000 after purchasing an additional 284,766 shares during the last quarter. Vanguard Group Inc. boosted its position in Cadiz by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company’s stock valued at $6,613,000 after purchasing an additional 113,834 shares during the period. SG Americas Securities LLC bought a new position in Cadiz during the 3rd quarter worth $45,000. Finally, Evoke Wealth LLC increased its position in Cadiz by 70.4% in the second quarter. Evoke Wealth LLC now owns 73,200 shares of the company’s stock worth $226,000 after buying an additional 30,235 shares during the period. 79.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

Cadiz Stock Performance

NASDAQ CDZI opened at $4.24 on Friday. The company has a 50-day moving average price of $3.22 and a two-hundred day moving average price of $3.20. Cadiz Inc. has a 52 week low of $2.12 and a 52 week high of $4.72. 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 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.