Cadiz Inc. (NASDAQ:CDZI) Shares Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC lifted its stake in shares of Cadiz Inc. (NASDAQ:CDZIGet Rating) by 49.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,800 shares of the company’s stock after purchasing an additional 37,600 shares during the quarter. Ingalls & Snyder LLC owned about 0.26% of Cadiz worth $439,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in shares of Cadiz by 130.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,068 shares of the company’s stock worth $36,000 after purchasing an additional 2,867 shares during the period. Credit Suisse AG grew its stake in shares of Cadiz by 16.0% during the 3rd quarter. Credit Suisse AG now owns 28,122 shares of the company’s stock worth $197,000 after purchasing an additional 3,874 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Cadiz by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 82,189 shares of the company’s stock worth $579,000 after purchasing an additional 4,216 shares during the period. Royal Bank of Canada boosted its position in shares of Cadiz by 278.3% in the 3rd quarter. Royal Bank of Canada now owns 5,871 shares of the company’s stock worth $41,000 after buying an additional 4,319 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Cadiz by 37.1% in the 4th quarter. Bank of America Corp DE now owns 21,780 shares of the company’s stock worth $85,000 after buying an additional 5,890 shares in the last quarter. 55.53% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CDZI opened at $1.92 on Thursday. The firm has a market cap of $97.48 million, a price-to-earnings ratio of -2.29 and a beta of 0.12. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average is $2.00 and its two-hundred day moving average is $3.09. Cadiz Inc. has a 12-month low of $1.66 and a 12-month high of $14.69.

Cadiz (NASDAQ:CDZIGet Rating) last released its earnings results on Tuesday, March 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The firm had revenue of $0.14 million during the quarter. Cadiz had a negative net margin of 5,505.64% and a negative return on equity of 92.99%. On average, equities research analysts forecast that Cadiz Inc. will post -0.57 earnings per share for the current fiscal year.

In other Cadiz news, Director Winston H. Hickox bought 44,410 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The stock was purchased at an average price of $2.12 per share, with a total value of $94,149.20. Following the transaction, the director now owns 40,098 shares in the company, valued at $85,007.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith Brackpool bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The shares were acquired at an average cost of $2.00 per share, with a total value of $200,000.00. Following the transaction, the director now owns 1,798,091 shares in the company, valued at approximately $3,596,182. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,006,937 shares of company stock worth $5,306,102. Insiders own 1.80% of the company’s stock.

Several equities research analysts recently commented on CDZI shares. B. Riley decreased their price objective on shares of Cadiz from $17.50 to $15.00 in a research report on Monday. StockNews.com upgraded shares of Cadiz to a “sell” rating in a report on Saturday, May 7th.

Cadiz Profile (Get Rating)

Cadiz Inc, together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

Recommended Stories

Want to see what other hedge funds are holding CDZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadiz Inc. (NASDAQ:CDZIGet Rating).

Institutional Ownership by Quarter for Cadiz (NASDAQ:CDZI)

Receive News & Ratings for Cadiz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadiz and related companies with MarketBeat.com's FREE daily email newsletter.