Cadiz Inc. (NASDAQ:CDZI - Get Free Report) CEO Susan P. Kennedy purchased 25,000 shares of Cadiz stock in a transaction that occurred on Thursday, April 18th. The shares were bought at an average price of $2.25 per share, with a total value of $56,250.00. Following the transaction, the chief executive officer now owns 966,921 shares of the company's stock, valued at approximately $2,175,572.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cadiz Price Performance
CDZI remained flat at $2.25 during trading on Friday. 257,277 shares of the company traded hands, compared to its average volume of 212,590. The firm has a market capitalization of $151.79 million, a price-to-earnings ratio of -4.02 and a beta of 0.71. The firm's 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.84. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52. Cadiz Inc. has a one year low of $2.12 and a one year high of $5.80.
Institutional Investors Weigh In On Cadiz
Several institutional investors have recently added to or reduced their stakes in CDZI. Verition Fund Management LLC bought a new position in Cadiz during the second quarter worth about $26,000. Dimensional Fund Advisors LP bought a new position in Cadiz during the third quarter worth about $31,000. BNP Paribas Financial Markets boosted its position in Cadiz by 86.0% during the fourth quarter. BNP Paribas Financial Markets now owns 11,296 shares of the company's stock worth $32,000 after purchasing an additional 5,222 shares during the period. Russell Investments Group Ltd. boosted its position in Cadiz by 15,764.9% during the fourth quarter. Russell Investments Group Ltd. now owns 12,216 shares of the company's stock worth $34,000 after purchasing an additional 12,139 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in Cadiz during the third quarter worth about $38,000. 79.75% of the stock is owned by hedge funds and other institutional investors.
Cadiz Company Profile
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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.
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