Cadiz Inc. (NASDAQ:CDZI) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Cadiz Inc. (NASDAQ:CDZI) by 315.6% during the 3rd quarter, Holdings Channel reports. The fund owned 60,217 shares of the company’s stock after buying an additional 45,728 shares during the quarter. Barclays PLC’s holdings in Cadiz were worth $183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Levin Capital Strategies L.P. raised its stake in Cadiz by 7.2% during the second quarter. Levin Capital Strategies L.P. now owns 2,256,999 shares of the company’s stock worth $6,974,000 after purchasing an additional 151,470 shares during the period. B. Riley Financial Inc. raised its position in shares of Cadiz by 125.8% during the 3rd quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after buying an additional 104,400 shares during the period. HCR Wealth Advisors lifted its holdings in Cadiz by 24.3% in the third quarter. HCR Wealth Advisors now owns 455,921 shares of the company’s stock valued at $1,381,000 after acquiring an additional 89,234 shares during the last quarter. GAM Holding AG increased its position in shares of Cadiz by 100.0% during the third quarter. GAM Holding AG now owns 100,000 shares of the company’s stock valued at $303,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Evoke Wealth LLC raised its holdings in shares of Cadiz by 70.4% in the 2nd quarter. Evoke Wealth LLC now owns 73,200 shares of the company’s stock valued at $226,000 after buying an additional 30,235 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Price Performance

Shares of CDZI opened at $4.77 on Wednesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. Cadiz Inc. has a 1-year low of $2.12 and a 1-year high of $5.46. The stock has a market cap of $358.63 million, a PE ratio of -9.35 and a beta of 0.93. The firm has a fifty day moving average price of $4.01 and a 200 day moving average price of $3.48.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a report on Friday, November 15th.

Insider Buying and Selling

In other news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $3.34 per share, for a total transaction of $6,913,800.00. Following the completion of the transaction, the insider now directly owns 22,783,965 shares in the company, valued at $76,098,443.10. This represents a 9.99 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

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.