Levin Capital Strategies L.P. Has $2.73 Million Stake in Cadiz Inc. (NASDAQ:CDZI)

Levin Capital Strategies L.P. reduced its stake in Cadiz Inc. (NASDAQ:CDZI) by 8.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 973,953 shares of the company’s stock after selling 90,458 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Cadiz were worth $2,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDZI. American Assets Capital Advisers LLC lifted its holdings in shares of Cadiz by 29.5% during the third quarter. American Assets Capital Advisers LLC now owns 2,248,442 shares of the company’s stock worth $7,442,000 after buying an additional 512,083 shares during the last quarter. GAM Holding AG bought a new stake in shares of Cadiz in the fourth quarter valued at approximately $140,000. B. Riley Financial Inc. boosted its position in shares of Cadiz by 268.8% in the third quarter. B. Riley Financial Inc. now owns 1,345,824 shares of the company’s stock valued at $4,455,000 after acquiring an additional 980,898 shares during the period. Kepos Capital LP bought a new stake in shares of Cadiz in the third quarter valued at approximately $61,000. Finally, Rathbones Group PLC bought a new stake in shares of Cadiz in the third quarter valued at approximately $217,000. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cadiz

In related news, CEO Susan P. Kennedy acquired 25,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was purchased at an average cost of $2.25 per share, for a total transaction of $56,250.00. Following the completion of the purchase, the chief executive officer now directly owns 966,921 shares of the company’s stock, valued at approximately $2,175,572.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.59% of the stock is currently owned by corporate insiders.

Cadiz Stock Performance

Shares of CDZI traded up $0.13 during mid-day trading on Thursday, hitting $2.38. The company’s stock had a trading volume of 99,772 shares, compared to its average volume of 209,439. Cadiz Inc. has a one year low of $2.12 and a one year high of $5.80. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.01 and a current ratio of 1.37. The firm has a market capitalization of $160.58 million, a PE ratio of -4.02 and a beta of 0.76. The stock’s 50-day moving average is $2.57 and its two-hundred day moving average is $2.79.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $0.68 million during the quarter. Cadiz had a negative net margin of 1,579.41% and a negative return on equity of 62.56%. As a group, sell-side analysts anticipate that Cadiz Inc. will post -0.19 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.