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

Capstone Investment Advisors LLC reduced its position in Cadiz Inc. (NASDAQ:CDZI) by 13.1% during the 3rd 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 period. Capstone Investment Advisors LLC owned approximately 2.52% of Cadiz worth $5,211,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CDZI. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 113,834 shares in the last quarter. Levin Capital Strategies L.P. lifted its stake in shares of Cadiz by 7.2% during the second quarter. Levin Capital Strategies L.P. now owns 2,256,999 shares of the company’s stock worth $6,974,000 after purchasing an additional 151,470 shares in the last quarter. Elkhorn Partners Limited Partnership boosted its position in shares of Cadiz by 2.3% in the second quarter. Elkhorn Partners Limited Partnership now owns 655,247 shares of the company’s stock worth $2,025,000 after buying an additional 14,447 shares during the period. HCR Wealth Advisors grew its stake in shares of Cadiz by 24.3% in the third quarter. HCR Wealth Advisors now owns 455,921 shares of the company’s stock valued at $1,381,000 after buying an additional 89,234 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cadiz by 15.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 119,461 shares of the company’s stock valued at $369,000 after buying an additional 15,557 shares during the period. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Analysts Set New Price Targets

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

Cadiz Price Performance

CDZI opened at $4.24 on Friday. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $4.72. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. The company has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.20.

Insider Buying and Selling at Cadiz

In other Cadiz news, major shareholder International Group Se Heerema bought 2,070,000 shares of Cadiz stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the purchase, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. This represents a 9.99 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

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.