BNP Paribas Financial Markets Increases Stake in Cadiz Inc. (NASDAQ:CDZI)

BNP Paribas Financial Markets grew its stake in shares of Cadiz Inc. (NASDAQ:CDZI) by 27.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,386 shares of the company’s stock after purchasing an additional 4,329 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cadiz were worth $62,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in Cadiz during the 2nd quarter valued at $31,000. SG Americas Securities LLC bought a new position in shares of Cadiz during the third quarter valued at about $45,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Cadiz during the third quarter worth about $58,000. Joel Isaacson & Co. LLC boosted its holdings in shares of Cadiz by 70.8% during the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after purchasing an additional 8,500 shares during the period. Finally, Christopher J. Hasenberg Inc bought a new stake in shares of Cadiz in the second quarter worth about $123,000. Institutional investors own 79.75% of the company’s stock.

Cadiz Price Performance

Shares of Cadiz stock opened at $4.09 on Friday. The business has a 50 day moving average of $3.57 and a 200 day moving average of $3.32. Cadiz Inc. has a 52 week low of $2.12 and a 52 week high of $4.72. The company has a market cap of $307.50 million, a PE ratio of -8.02 and a beta of 0.97. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Cadiz

In other news, major shareholder International Group Se Heerema bought 2,070,000 shares of the stock in a transaction dated 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 purchase, the insider now directly owns 22,783,965 shares in the company, valued at $76,098,443.10. This trade represents a 9.99 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.