Nokomis Capital L.L.C. acquired a new position in shares of Cadiz Inc. (NASDAQ:CDZI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 120,000 shares of the company's stock, valued at approximately $624,000. Nokomis Capital L.L.C. owned 0.16% of Cadiz at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ethic Inc. acquired a new position in Cadiz during the fourth quarter worth $57,000. Corient Private Wealth LLC acquired a new position in Cadiz during the fourth quarter worth $57,000. Walleye Capital LLC acquired a new position in Cadiz during the fourth quarter worth $60,000. Landscape Capital Management L.L.C. acquired a new position in Cadiz during the fourth quarter worth $100,000. Finally, SG Americas Securities LLC raised its position in Cadiz by 31.6% during the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company's stock worth $103,000 after acquiring an additional 4,737 shares during the period. Hedge funds and other institutional investors own 79.75% of the company's stock.
Cadiz Price Performance
Cadiz stock traded down $0.09 during midday trading on Monday, reaching $2.83. 158,501 shares of the company were exchanged, compared to its average volume of 397,030. The company has a market capitalization of $231.30 million, a price-to-earnings ratio of -5.50 and a beta of 1.77. The firm's 50-day simple moving average is $2.93 and its 200-day simple moving average is $3.87. Cadiz Inc. has a 1 year low of $2.13 and a 1 year high of $5.68. 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 (NASDAQ:CDZI - Get Free Report) last posted its quarterly 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). The business had revenue of $2.95 million during 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%. On average, analysts anticipate that Cadiz Inc. will post -0.47 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CDZI. StockNews.com upgraded Cadiz to a "sell" rating in a report on Wednesday, March 5th. Roth Capital assumed coverage on Cadiz in a report on Thursday, April 17th. They issued a "buy" rating and a $10.00 price target for the company.
Read Our Latest Research Report on Cadiz
Cadiz Profile
(
Free Report)
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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