Cadiz Inc. (NASDAQ:CDZI) Shares Acquired by B. Riley Financial Inc.

B. Riley Financial Inc. grew its stake in Cadiz Inc. (NASDAQ:CDZI) by 825.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,733,972 shares of the company’s stock after buying an additional 1,546,554 shares during the quarter. Cadiz makes up approximately 7.5% of B. Riley Financial Inc.’s portfolio, making the stock its 3rd largest holding. B. Riley Financial Inc.’s holdings in Cadiz were worth $9,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new position in shares of Cadiz during the 4th quarter worth about $57,000. Walleye Capital LLC acquired a new stake in shares of Cadiz during the 4th quarter valued at about $60,000. Landscape Capital Management L.L.C. bought a new stake in Cadiz in the fourth quarter valued at about $100,000. SG Americas Securities LLC lifted its position in shares of Cadiz by 31.6% during the 4th quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock worth $103,000 after buying an additional 4,737 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Cadiz in the 4th quarter valued at $103,000. Institutional investors own 79.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CDZI shares. Roth Capital initiated coverage on Cadiz in a research note on Thursday, April 17th. They issued a “buy” rating and a $10.00 price objective on the stock. StockNews.com upgraded shares of Cadiz to a “sell” rating in a research report on Wednesday, March 5th.

Cadiz Price Performance

CDZI opened at $2.84 on Thursday. Cadiz Inc. has a 12 month low of $2.13 and a 12 month high of $5.68. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. The stock has a market cap of $232.27 million, a P/E ratio of -5.57 and a beta of 1.54. The company has a fifty day simple moving average of $3.19 and a 200 day simple moving average of $3.86.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $4.75 million during the quarter, compared to the consensus estimate of $8.44 million. Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. On average, research analysts expect that Cadiz Inc. will post -0.47 EPS for the current year.

Cadiz 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.