Whitefort Capital Management LP Takes Position in Cadiz Inc. (NASDAQ:CDZI)

Whitefort Capital Management LP acquired a new stake in shares of Cadiz Inc. (NASDAQ:CDZI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,719,951 shares of the company's stock, valued at approximately $19,344,000. Cadiz makes up approximately 9.3% of Whitefort Capital Management LP's portfolio, making the stock its 5th largest position. Whitefort Capital Management LP owned 4.95% of Cadiz as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CDZI. Ethic Inc. bought a new position in shares of Cadiz in the 4th quarter worth $57,000. Corient Private Wealth LLC bought a new position in shares of Cadiz in the 4th quarter worth $57,000. Walleye Capital LLC bought a new position in shares of Cadiz in the 4th quarter worth $60,000. ProShare Advisors LLC bought a new position in shares of Cadiz in the 4th quarter worth $62,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Cadiz in the 4th quarter worth $100,000. Hedge funds and other institutional investors own 79.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CDZI. Roth Capital began coverage on shares of Cadiz in a report on Thursday, April 17th. They set a "buy" rating and a $10.00 target price on the stock. Wall Street Zen raised shares of Cadiz to a "sell" rating in a report on Wednesday, March 5th.

Cadiz Trading Down 0.4%

Shares of CDZI stock traded down $0.01 on Friday, hitting $2.72. 214,891 shares of the company's stock traded hands, compared to its average volume of 402,024. 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 Inc. has a one year low of $2.13 and a one year high of $5.68. The company's fifty day simple moving average is $2.86 and its 200 day simple moving average is $3.83. The stock has a market capitalization of $222.70 million, a price-to-earnings ratio of -5.33 and a beta of 1.77.

Cadiz (NASDAQ:CDZI - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. The business had revenue of $2.95 million for the quarter, compared to the consensus estimate of $4.77 million. Equities analysts forecast that Cadiz Inc. will post -0.47 EPS for the current year.

About Cadiz

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.