American Assets Capital Advisers Has $14.15 Million Position in Cadiz, Inc. (NASDAQ:CDZI)
American Assets Capital Advisers increased its position in shares of Cadiz, Inc. (NASDAQ:CDZI) by 23.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,040,484 shares of the company’s stock after buying an additional 200,161 shares during the period. Cadiz makes up about 5.9% of American Assets Capital Advisers’ holdings, making the stock its 2nd largest position. American Assets Capital Advisers’ holdings in Cadiz were worth $14,147,000 at the end of the most recent quarter.
Separately, Janney Montgomery Scott LLC boosted its position in Cadiz by 10.6% in the second quarter. Janney Montgomery Scott LLC now owns 105,151 shares of the company’s stock worth $1,420,000 after buying an additional 10,088 shares during the last quarter. 49.53% of the stock is owned by institutional investors.
Cadiz, Inc. (NASDAQ:CDZI) opened at 12.10 on Monday. The firm has a 50-day moving average of $13.01 and a 200-day moving average of $14.28. The firm’s market cap is $269.31 million. Cadiz, Inc. has a 52-week low of $6.57 and a 52-week high of $16.25.
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A number of research analysts have commented on CDZI shares. B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of Cadiz in a research report on Monday, July 24th. BidaskClub cut shares of Cadiz from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th.
In related news, CFO Timothy J. Shaheen sold 50,000 shares of Cadiz stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $13.00, for a total transaction of $650,000.00. Following the completion of the sale, the chief financial officer now owns 108,500 shares in the company, valued at approximately $1,410,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.56% of the company’s stock.
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.
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