Cadiz Inc. (NASDAQ:CDZI) is Elkhorn Partners Limited Partnership’s 7th Largest Position

Elkhorn Partners Limited Partnership raised its position in Cadiz Inc. (NASDAQ:CDZI) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 655,247 shares of the company’s stock after buying an additional 14,447 shares during the quarter. Cadiz makes up approximately 1.4% of Elkhorn Partners Limited Partnership’s portfolio, making the stock its 7th biggest position. Elkhorn Partners Limited Partnership owned approximately 0.97% of Cadiz worth $2,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of Cadiz in the second quarter valued at approximately $31,000. Russell Investments Group Ltd. grew its holdings in Cadiz by 15,764.9% during the fourth quarter. Russell Investments Group Ltd. now owns 12,216 shares of the company’s stock worth $34,000 after acquiring an additional 12,139 shares during the period. BNP Paribas Financial Markets grew its holdings in Cadiz by 212.2% during the first quarter. BNP Paribas Financial Markets now owns 35,264 shares of the company’s stock worth $102,000 after acquiring an additional 23,968 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in Cadiz by 70.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 41,000 shares of the company’s stock worth $119,000 after acquiring an additional 17,000 shares during the period. Finally, Christopher J. Hasenberg Inc acquired a new position in Cadiz during the second quarter worth $123,000. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Trading Up 2.6 %

Shares of CDZI stock opened at $3.17 on Wednesday. The business’s fifty day moving average price is $3.30 and its 200 day moving average price is $2.94. Cadiz Inc. has a 1-year low of $2.12 and a 1-year high of $3.85. The firm has a market capitalization of $214.91 million, a PE ratio of -6.47 and a beta of 0.86. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.89 and a quick ratio of 1.40.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $0.51 million for the quarter, compared to analyst estimates of $4.00 million. As a group, sell-side analysts forecast that Cadiz Inc. will post -0.41 EPS for the current fiscal 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.