B. Riley Financial Inc. Buys 1,546,554 Shares of Cadiz Inc. (NASDAQ:CDZI)

B. Riley Financial Inc. raised its stake in shares of Cadiz Inc. (NASDAQ:CDZI - Free Report) by 825.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,733,972 shares of the company's stock after purchasing an additional 1,546,554 shares during the period. Cadiz accounts for about 7.5% of B. Riley Financial Inc.'s portfolio, making the stock its 3rd biggest position. B. Riley Financial Inc. owned about 2.31% of Cadiz worth $9,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CDZI. Price T Rowe Associates Inc. MD boosted its holdings in Cadiz by 7.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company's stock valued at $311,000 after acquiring an additional 3,922 shares during the period. SG Americas Securities LLC boosted its stake in shares of Cadiz by 31.6% during the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company's stock valued at $103,000 after purchasing an additional 4,737 shares during the period. Barclays PLC grew its holdings in shares of Cadiz by 10.8% in the fourth quarter. Barclays PLC now owns 66,724 shares of the company's stock worth $347,000 after purchasing an additional 6,507 shares during the last quarter. Wells Fargo & Company MN grew its stake in Cadiz by 45.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company's stock worth $112,000 after purchasing an additional 6,707 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Cadiz by 11.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,719 shares of the company's stock valued at $529,000 after purchasing an additional 10,790 shares in the last quarter. 79.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CDZI. StockNews.com raised Cadiz to a "sell" rating in a research report on Wednesday, March 5th. Roth Capital started coverage on Cadiz in a research report on Thursday, April 17th. They set a "buy" rating and a $10.00 price objective on the stock.

Cadiz Stock Up 5.4 %

Shares of NASDAQ CDZI traded up $0.16 during trading hours on Tuesday, hitting $3.05. 216,895 shares of the stock were exchanged, compared to its average volume of 392,058. Cadiz Inc. has a 12 month low of $2.13 and a 12 month high of $5.68. The firm has a fifty day moving average price of $3.10 and a 200-day moving average price of $3.87. 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 market cap of $249.28 million, a PE ratio of -5.95 and a beta of 1.77.

Cadiz (NASDAQ:CDZI - Get Free Report) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. The business had revenue of $4.75 million for the quarter, compared to analysts' expectations of $8.44 million. On average, sell-side analysts expect that Cadiz Inc. will post -0.47 EPS for the current year.

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.