Cadiz Inc. (NASDAQ:CDZI) CEO Susan P. Kennedy Acquires 25,000 Shares of Stock

Cadiz Inc. (NASDAQ:CDZI) CEO Susan P. Kennedy bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average price of $2.25 per share, with a total value of $56,250.00. Following the purchase, the chief executive officer now owns 966,921 shares in the company, valued at $2,175,572.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Cadiz Stock Performance

Shares of NASDAQ:CDZI opened at $2.25 on Friday. The business has a 50 day moving average price of $2.66 and a 200 day moving average price of $2.84. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $5.80. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.01 and a current ratio of 1.37.

Institutional Trading of Cadiz

Several hedge funds have recently added to or reduced their stakes in CDZI. Verition Fund Management LLC bought a new stake in Cadiz during the 2nd quarter valued at approximately $26,000. Dimensional Fund Advisors LP bought a new stake in shares of Cadiz in the 3rd quarter worth approximately $31,000. BNP Paribas Financial Markets lifted its position in shares of Cadiz by 86.0% in the 4th quarter. BNP Paribas Financial Markets now owns 11,296 shares of the company’s stock worth $32,000 after acquiring an additional 5,222 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Cadiz by 15,764.9% in the 4th 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. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Cadiz in the 3rd quarter worth approximately $38,000. Institutional investors own 79.75% of the company’s stock.

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.