Cadiz Inc. (NASDAQ:CDZI) Position Decreased by Equitec Proprietary Markets LLC

Equitec Proprietary Markets LLC cut its holdings in shares of Cadiz Inc. (NASDAQ:CDZI) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,174 shares of the company’s stock after selling 20,000 shares during the quarter. Cadiz makes up 0.2% of Equitec Proprietary Markets LLC’s investment portfolio, making the stock its 9th largest holding. Equitec Proprietary Markets LLC’s holdings in Cadiz were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CDZI. Nisa Investment Advisors LLC purchased a new stake in Cadiz in the second quarter worth $31,000. HCR Wealth Advisors lifted its holdings in Cadiz by 347.6% during the second quarter. HCR Wealth Advisors now owns 366,687 shares of the company’s stock valued at $1,133,000 after purchasing an additional 284,766 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Cadiz by 5.3% during the first quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company’s stock valued at $6,613,000 after purchasing an additional 113,834 shares during the last quarter. Evoke Wealth LLC lifted its stake in shares of Cadiz by 70.4% during the 2nd quarter. Evoke Wealth LLC now owns 73,200 shares of the company’s stock valued at $226,000 after buying an additional 30,235 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Cadiz by 212.2% in the 1st quarter. BNP Paribas Financial Markets now owns 35,264 shares of the company’s stock valued at $102,000 after buying an additional 23,968 shares in the last quarter. 79.75% of the stock is currently owned by institutional investors.

Cadiz Stock Performance

Shares of NASDAQ:CDZI traded up $0.05 during trading on Friday, hitting $3.12. 83,941 shares of the company were exchanged, compared to its average volume of 148,836. The company has a market cap of $211.85 million, a PE ratio of -6.12 and a beta of 0.85. Cadiz Inc. has a 52-week low of $2.12 and a 52-week high of $3.85. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.89 and a quick ratio of 1.40. The stock has a 50 day moving average of $3.12 and a 200 day moving average of $3.00.

Cadiz (NASDAQ:CDZI) last issued its earnings results on Tuesday, August 13th. The company reported ($0.15) 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 company had revenue of $0.51 million during the quarter, compared to the consensus estimate of $4.00 million. As a group, equities research analysts predict 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.