Cadiz (NASDAQ:CDZI) Stock Rating Upgraded by StockNews.com

Cadiz (NASDAQ:CDZI) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Friday.

Cadiz Stock Performance

Shares of CDZI stock traded up $0.08 on Friday, reaching $3.32. The stock had a trading volume of 631,022 shares, compared to its average volume of 208,912. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.40 and a current ratio of 1.89. Cadiz has a 1 year low of $2.12 and a 1 year high of $3.85. The stock has a market cap of $226.36 million, a P/E ratio of -6.51 and a beta of 0.85. The company has a 50 day simple moving average of $3.15 and a 200 day simple moving average of $3.12.

Cadiz (NASDAQ:CDZI) last announced its earnings results on Tuesday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Cadiz had a negative net margin of 528.15% and a negative return on equity of 84.32%. The business had revenue of $0.51 million for the quarter, compared to analysts’ expectations of $4.00 million. Equities research analysts expect that Cadiz will post -0.46 EPS for the current year.

Insider Buying and Selling

In other Cadiz news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the purchase, the insider now directly owns 22,783,965 shares in the company, valued at approximately $76,098,443.10. The trade was a 9.99 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new position in shares of Cadiz during the second quarter worth $31,000. SG Americas Securities LLC bought a new position in shares of Cadiz during the 3rd quarter valued at about $45,000. The Manufacturers Life Insurance Company purchased a new position in shares of Cadiz during the third quarter valued at about $58,000. BNP Paribas Financial Markets increased its holdings in shares of Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after purchasing an additional 4,329 shares during the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in shares of Cadiz by 70.8% in the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after buying an additional 8,500 shares in the last quarter. 79.75% of the stock is currently owned by institutional investors.

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.