Wolverine Trading LLC Acquires 9,687 Shares of Cadiz Inc. (NASDAQ:CDZI)

Wolverine Trading LLC lifted its holdings in Cadiz Inc. (NASDAQ:CDZI) by 70.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,433 shares of the company’s stock after buying an additional 9,687 shares during the period. Wolverine Trading LLC owned about 0.06% of Cadiz worth $319,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CDZI. BNP Paribas Arbitrage SA increased its holdings in shares of Cadiz by 47.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,787 shares of the company’s stock worth $55,000 after buying an additional 1,869 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Cadiz during the 1st quarter valued at about $99,000. Millennium Management LLC bought a new position in Cadiz during the 1st quarter valued at about $163,000. Barclays PLC grew its holdings in Cadiz by 159.0% during the 1st quarter. Barclays PLC now owns 17,029 shares of the company’s stock valued at $164,000 after purchasing an additional 10,453 shares during the last quarter. Finally, Summit Financial LLC bought a new position in Cadiz during the 2nd quarter valued at about $173,000. Hedge funds and other institutional investors own 16.38% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Cadiz from a “sell” rating to a “hold” rating in a report on Monday, June 14th.

Shares of NASDAQ:CDZI opened at $8.66 on Friday. The company has a market capitalization of $357.58 million, a price-to-earnings ratio of -10.69 and a beta of -0.15. Cadiz Inc. has a 12 month low of $8.30 and a 12 month high of $14.69. The firm’s 50-day moving average is $13.06 and its 200 day moving average is $12.17.

About Cadiz

Cadiz, Inc is a land and water resource development company, which engages in the acquisition and development of land with water resources for various uses such as groundwater supply, groundwater storage, and agriculture. The firm’s project includes the Cadiz Valley Water Conservation, Recovery and Storage.

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Institutional Ownership by Quarter for Cadiz (NASDAQ:CDZI)

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