Susan P. Kennedy Acquires 25,000 Shares of Cadiz Inc. (NASDAQ:CDZI) Stock

Cadiz Inc. (NASDAQ:CDZI) CEO Susan P. Kennedy bought 25,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was purchased at an average price of $2.25 per share, with a total value of $56,250.00. Following the purchase, the chief executive officer now owns 966,921 shares in the company, valued at $2,175,572.25. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cadiz Stock Performance

CDZI stock opened at $2.25 on Friday. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $5.80. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 1.52. The business has a 50 day moving average of $2.66 and a 200 day moving average of $2.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new position in Cadiz during the 2nd quarter valued at approximately $26,000. BNP Paribas Financial Markets increased its holdings in shares of Cadiz by 86.0% in the 4th quarter. BNP Paribas Financial Markets now owns 11,296 shares of the company’s stock worth $32,000 after purchasing an additional 5,222 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Cadiz in the 3rd quarter worth $38,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Cadiz in the 2nd quarter worth $47,000. Finally, Walleye Capital LLC bought a new stake in shares of Cadiz in the 2nd quarter worth $49,000. Institutional investors own 79.75% of the company’s stock.

Cadiz Company 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.