Gratia Capital LLC Takes Position in Cadiz Inc. (NASDAQ:CDZI)

Gratia Capital LLC purchased a new stake in Cadiz Inc. (NASDAQ:CDZI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 320,000 shares of the company's stock, valued at approximately $1,664,000. Cadiz makes up approximately 1.6% of Gratia Capital LLC's investment portfolio, making the stock its 19th largest holding. Gratia Capital LLC owned about 0.43% of Cadiz as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in Cadiz by 7.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company's stock valued at $311,000 after buying an additional 3,922 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Cadiz by 31.6% in the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company's stock valued at $103,000 after buying an additional 4,737 shares during the period. Barclays PLC grew its holdings in Cadiz by 10.8% during the 4th quarter. Barclays PLC now owns 66,724 shares of the company's stock worth $347,000 after acquiring an additional 6,507 shares during the period. Wells Fargo & Company MN raised its position in shares of Cadiz by 45.0% in the 4th quarter. Wells Fargo & Company MN now owns 21,611 shares of the company's stock worth $112,000 after acquiring an additional 6,707 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cadiz by 11.9% in 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 during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CDZI has been the subject of a number of research analyst reports. StockNews.com upgraded Cadiz to a "sell" rating in a report on Wednesday, March 5th. Roth Capital started coverage on shares of Cadiz in a research note on Thursday, April 17th. They set a "buy" rating and a $10.00 target price on the stock.

Cadiz Stock Up 0.4 %

Cadiz stock traded up $0.01 during midday trading on Thursday, reaching $2.85. The stock had a trading volume of 327,391 shares, compared to its average volume of 389,153. The company has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $3.86. Cadiz Inc. has a 12 month low of $2.13 and a 12 month high of $5.68. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. The company has a market capitalization of $233.09 million, a P/E ratio of -5.59 and a beta of 1.54.

Cadiz (NASDAQ:CDZI - Get Free Report) last released 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 firm had revenue of $4.75 million for the quarter, compared to the consensus estimate of $8.44 million. As a group, equities analysts expect that Cadiz Inc. will post -0.47 EPS for the current fiscal 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.