Christopher J. Hasenberg Inc Purchases New Holdings in Cadiz Inc. (NASDAQ:CDZI)

Christopher J. Hasenberg Inc acquired a new position in shares of Cadiz Inc. (NASDAQ:CDZI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 39,863 shares of the company’s stock, valued at approximately $112,000. Cadiz accounts for about 0.1% of Christopher J. Hasenberg Inc’s portfolio, making the stock its 21st biggest position. Christopher J. Hasenberg Inc owned about 0.06% of Cadiz as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. B. Riley Asset Management LLC lifted its holdings in shares of Cadiz by 29.5% during the third quarter. B. Riley Asset Management LLC now owns 4,227,142 shares of the company’s stock worth $13,992,000 after purchasing an additional 962,696 shares during the period. American Assets Capital Advisers LLC boosted its holdings in shares of Cadiz by 29.5% in the third quarter. American Assets Capital Advisers LLC now owns 2,248,442 shares of the company’s stock valued at $7,442,000 after acquiring an additional 512,083 shares in the last quarter. B. Riley Financial Inc. increased its stake in shares of Cadiz by 268.8% during the third quarter. B. Riley Financial Inc. now owns 1,345,824 shares of the company’s stock worth $4,455,000 after acquiring an additional 980,898 shares during the period. Levin Capital Strategies L.P. raised its holdings in Cadiz by 133.9% during the third quarter. Levin Capital Strategies L.P. now owns 1,064,411 shares of the company’s stock worth $3,523,000 after purchasing an additional 609,246 shares in the last quarter. Finally, American Assets Investment Management LLC raised its holdings in Cadiz by 45.0% during the third quarter. American Assets Investment Management LLC now owns 77,590 shares of the company’s stock worth $257,000 after purchasing an additional 24,085 shares in the last quarter. 79.75% of the stock is currently owned by hedge funds and other institutional investors.

Cadiz Stock Performance

NASDAQ CDZI traded up $0.01 on Monday, hitting $2.26. 78,002 shares of the company’s stock were exchanged, compared to its average volume of 211,189. The firm has a market cap of $152.46 million, a price-to-earnings ratio of -4.04 and a beta of 0.71. The firm’s 50-day moving average price is $2.61 and its two-hundred day moving average price is $2.81. Cadiz Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $5.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.37 and a quick ratio of 1.01.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). Cadiz had a negative return on equity of 62.56% and a negative net margin of 1,579.41%. The business had revenue of $0.68 million for the quarter. On average, research analysts expect that Cadiz Inc. will post -0.19 EPS for the current year.

Insider Transactions at Cadiz

In related news, CEO Susan P. Kennedy bought 25,000 shares of the stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of $2.25 per share, for a total transaction of $56,250.00. Following the acquisition, the chief executive officer now owns 966,921 shares in the company, valued at $2,175,572.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.59% 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.