Cadiz Inc. (NASDAQ:CDZI – Get Free Report) major shareholder International Group Se Heerema purchased 2,070,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $3.34 per share, for a total transaction of $6,913,800.00. Following the acquisition, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cadiz Trading Down 5.1 %
Shares of CDZI opened at $3.56 on Friday. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $3.85. The firm has a market capitalization of $241.72 million, a P/E ratio of -6.98 and a beta of 0.85. The company has a current ratio of 1.89, a quick ratio of 1.40 and a debt-to-equity ratio of 2.86. The stock’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $3.08.
Cadiz (NASDAQ:CDZI – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $0.51 million during the quarter, compared to analysts’ expectations of $4.00 million. Cadiz had a negative return on equity of 77.51% and a negative net margin of 1,095.05%. On average, equities research analysts forecast that Cadiz Inc. will post -0.47 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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