Ergoteles LLC Sells 20,069 Shares of Cadiz Inc. (NASDAQ:CDZI)

Ergoteles LLC cut its position in shares of Cadiz Inc. (NASDAQ:CDZI – Get Rating) by 19.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,931 shares of the company’s stock after selling 20,069 shares during the period. Ergoteles LLC owned approximately 0.16% of Cadiz worth $156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CDZI. Dimensional Fund Advisors LP bought a new stake in shares of Cadiz in the 3rd quarter valued at approximately $31,000. Levin Capital Strategies L.P. raised its holdings in shares of Cadiz by 1,323.3% in the third quarter. Levin Capital Strategies L.P. now owns 170,792 shares of the company’s stock worth $325,000 after buying an additional 158,792 shares during the period. Virtu Financial LLC purchased a new stake in shares of Cadiz in the third quarter worth approximately $30,000. Sheaff Brock Investment Advisors LLC increased its holdings in Cadiz by 30.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,000 shares of the company’s stock worth $49,000 after purchasing an additional 6,000 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Cadiz during the 2nd quarter worth $26,000. 50.49% of the stock is owned by institutional investors.

Insider Buying and Selling at Cadiz

In other news, Director Susan P. Kennedy purchased 75,000 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was acquired at an average cost of $2.22 per share, with a total value of $166,500.00. Following the completion of the transaction, the director now owns 75,950 shares in the company, valued at approximately $168,609. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Susan P. Kennedy acquired 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was purchased at an average cost of $2.22 per share, with a total value of $166,500.00. Following the transaction, the director now directly owns 75,950 shares of the company’s stock, valued at approximately $168,609. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder International Group Se Heerema acquired 3,675,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was bought at an average cost of $3.84 per share, with a total value of $14,112,000.00. Following the completion of the transaction, the insider now directly owns 20,513,965 shares in the company, valued at $78,773,625.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,759,905 shares of company stock valued at $14,304,116. 5.40% of the stock is currently owned by insiders.

Cadiz Stock Up 0.6 %

NASDAQ:CDZI opened at $4.68 on Wednesday. Cadiz Inc. has a 1-year low of $1.48 and a 1-year high of $5.23. The company has a 50-day moving average of $3.87 and a 200 day moving average of $2.97. The firm has a market cap of $261.66 million, a PE ratio of -7.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.56 and a quick ratio of 3.44.

Cadiz Company Profile

(Get Rating)

Cadiz, Inc is a land and water resource development company, which engages in the acquisition and development of land with water resources for various uses such as groundwater supply, groundwater storage, and agriculture. The firm’s project includes the Cadiz Valley Water Conservation, Recovery and Storage.