Joel Isaacson & Co. LLC Has $62,000 Stock Holdings in Cadiz Inc. (NASDAQ:CDZI)

Joel Isaacson & Co. LLC raised its holdings in shares of Cadiz Inc. (NASDAQ:CDZI) by 70.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,500 shares of the company’s stock after acquiring an additional 8,500 shares during the period. Joel Isaacson & Co. LLC’s holdings in Cadiz were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Cadiz by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company’s stock valued at $6,613,000 after acquiring an additional 113,834 shares during the last quarter. Levin Capital Strategies L.P. raised its position in shares of Cadiz by 7.2% during the 2nd quarter. Levin Capital Strategies L.P. now owns 2,256,999 shares of the company’s stock valued at $6,974,000 after acquiring an additional 151,470 shares during the last quarter. Elkhorn Partners Limited Partnership raised its position in shares of Cadiz by 2.3% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 655,247 shares of the company’s stock valued at $2,025,000 after acquiring an additional 14,447 shares during the last quarter. HCR Wealth Advisors raised its position in shares of Cadiz by 24.3% during the 3rd 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. Finally, Bank of New York Mellon Corp increased its position in shares of Cadiz by 15.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,461 shares of the company’s stock valued at $369,000 after buying an additional 15,557 shares in the last quarter. Institutional investors own 79.75% of the company’s stock.

Cadiz Price Performance

CDZI opened at $2.99 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.89 and a debt-to-equity ratio of 2.86. Cadiz Inc. has a 12 month low of $2.12 and a 12 month high of $3.85. The company has a fifty day simple moving average of $3.12 and a 200 day simple moving average of $3.02. The stock has a market cap of $202.70 million, a P/E ratio of -6.10 and a beta of 0.85.

Cadiz (NASDAQ:CDZI) 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). Cadiz had a negative net margin of 1,095.05% and a negative return on equity of 77.51%. The firm had revenue of $0.51 million during the quarter, compared to the consensus estimate of $4.00 million. On average, research analysts expect that Cadiz Inc. will post -0.47 EPS for the current year.

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.