Nokomis Capital L.L.C. Invests $624,000 in Cadiz Inc. (NASDAQ:CDZI)

Nokomis Capital L.L.C. bought a new position in Cadiz Inc. (NASDAQ:CDZI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120,000 shares of the company's stock, valued at approximately $624,000. Nokomis Capital L.L.C. owned approximately 0.16% of Cadiz as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CDZI. American Assets Capital Advisers LLC lifted its position in Cadiz by 5.6% during the fourth quarter. American Assets Capital Advisers LLC now owns 2,384,208 shares of the company's stock valued at $12,398,000 after purchasing an additional 126,000 shares during the period. B. Riley Financial Inc. increased its stake in shares of Cadiz by 825.2% in the fourth quarter. B. Riley Financial Inc. now owns 1,733,972 shares of the company's stock worth $9,017,000 after purchasing an additional 1,546,554 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Cadiz by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 1,035,162 shares of the company's stock worth $5,384,000 after purchasing an additional 45,866 shares in the last quarter. Rangeley Capital LLC purchased a new stake in shares of Cadiz in the fourth quarter worth $3,432,000. Finally, Bank of America Corp DE grew its stake in Cadiz by 911.7% during the fourth quarter. Bank of America Corp DE now owns 630,394 shares of the company's stock valued at $3,278,000 after acquiring an additional 568,084 shares in the last quarter. Institutional investors own 79.75% of the company's stock.

Cadiz Trading Down 1.4%

CDZI traded down $0.04 on Friday, reaching $2.91. 418,226 shares of the company traded hands, compared to its average volume of 397,677. Cadiz Inc. has a one year low of $2.13 and a one year high of $5.68. The firm has a fifty day simple moving average of $2.93 and a two-hundred day simple moving average of $3.85. The company has a market cap of $238.23 million, a P/E ratio of -5.71 and a beta of 1.77. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CDZI. StockNews.com raised shares of Cadiz to a "sell" rating in a research note on Wednesday, March 5th. Roth Capital initiated coverage on shares of Cadiz in a report on Thursday, April 17th. They issued a "buy" rating and a $10.00 target price for the company.

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.