Cadiz, Inc. (CDZI) CFO Timothy J. Shaheen Sells 50,000 Shares of Stock
Cadiz, Inc. (NASDAQ:CDZI) CFO Timothy J. Shaheen sold 50,000 shares of Cadiz stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $12.30, for a total value of $615,000.00. Following the transaction, the chief financial officer now directly owns 148,500 shares in the company, valued at $1,826,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cadiz, Inc. (NASDAQ CDZI) opened at 12.40 on Tuesday. The company has a 50-day moving average price of $11.75 and a 200-day moving average price of $13.68. Cadiz, Inc. has a 52 week low of $6.80 and a 52 week high of $16.25. The stock’s market cap is $275.99 million.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of Cadiz by 10.6% during the second quarter. Janney Montgomery Scott LLC now owns 105,151 shares of the company’s stock valued at $1,420,000 after acquiring an additional 10,088 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cadiz during the second quarter valued at $142,000. Nationwide Fund Advisors acquired a new position in shares of Cadiz during the second quarter valued at $157,000. Ironsides Asset Advisors LLC acquired a new position in shares of Cadiz during the second quarter valued at $171,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Cadiz by 30.7% during the second quarter. Wells Fargo & Company MN now owns 66,402 shares of the company’s stock valued at $897,000 after acquiring an additional 15,600 shares during the period. 53.41% of the stock is currently owned by institutional investors and hedge funds.
CDZI has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $17.50 price target on shares of Cadiz in a research note on Monday, July 24th. BidaskClub cut Cadiz from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th.
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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