Nisa Investment Advisors LLC Takes $31,000 Position in Cadiz Inc. (NASDAQ:CDZI)

Nisa Investment Advisors LLC purchased a new position in shares of Cadiz Inc. (NASDAQ:CDZI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,168 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Cadiz by 5.3% during the first quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company’s stock worth $6,613,000 after purchasing an additional 113,834 shares during the period. Levin Capital Strategies L.P. increased its stake in Cadiz by 116.2% during the 1st quarter. Levin Capital Strategies L.P. now owns 2,105,529 shares of the company’s stock worth $6,106,000 after acquiring an additional 1,131,576 shares during the period. American Assets Investment Management LLC increased its stake in Cadiz by 6.6% during the 4th quarter. American Assets Investment Management LLC now owns 82,748 shares of the company’s stock worth $232,000 after acquiring an additional 5,158 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in Cadiz by 70.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 41,000 shares of the company’s stock valued at $119,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Christopher J. Hasenberg Inc bought a new stake in shares of Cadiz during the 4th quarter valued at $112,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Price Performance

CDZI stock opened at $3.35 on Tuesday. The company’s 50-day moving average price is $3.26 and its two-hundred day moving average price is $2.90. The firm has a market cap of $227.11 million, a P/E ratio of -6.84 and a beta of 0.85. 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 $4.30.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Cadiz had a negative return on equity of 77.51% and a negative net margin of 1,095.05%. The firm had revenue of $0.51 million for the quarter, compared to analyst estimates of $4.00 million. On average, analysts anticipate that Cadiz Inc. will post -0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a research report on Thursday, May 16th.

Cadiz 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.