Evoke Wealth LLC Has $226,000 Stock Position in Cadiz Inc. (NASDAQ:CDZI)

Evoke Wealth LLC boosted its position in Cadiz Inc. (NASDAQ:CDZI) by 70.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,200 shares of the company’s stock after buying an additional 30,235 shares during the quarter. Evoke Wealth LLC owned approximately 0.11% of Cadiz worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elkhorn Partners Limited Partnership boosted its holdings in Cadiz by 2.3% during the second quarter. Elkhorn Partners Limited Partnership now owns 655,247 shares of the company’s stock valued at $2,025,000 after acquiring an additional 14,447 shares during the period. Levin Capital Strategies L.P. lifted its position in shares of Cadiz by 7.2% during the 2nd quarter. Levin Capital Strategies L.P. now owns 2,256,999 shares of the company’s stock worth $6,974,000 after purchasing an additional 151,470 shares during the last quarter. HCR Wealth Advisors boosted its stake in Cadiz by 347.6% during the 2nd quarter. HCR Wealth Advisors now owns 366,687 shares of the company’s stock valued at $1,133,000 after purchasing an additional 284,766 shares during the period. Rhumbline Advisers grew its holdings in Cadiz by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after buying an additional 2,995 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Cadiz by 15.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,461 shares of the company’s stock worth $369,000 after buying an additional 15,557 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Cadiz Stock Down 4.3 %

Shares of CDZI stock opened at $3.11 on Friday. The firm has a market cap of $211.17 million, a PE ratio of -6.35 and a beta of 0.85. Cadiz Inc. has a 12 month low of $2.12 and a 12 month high of $3.85. The stock has a 50 day moving average of $3.29 and a 200-day moving average of $2.95. The company has a quick ratio of 1.40, a current ratio of 1.89 and a debt-to-equity ratio of 2.86.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $0.51 million during the quarter, compared to the consensus estimate of $4.00 million. Cadiz had a negative return on equity of 77.51% and a negative net margin of 1,095.05%. On average, equities analysts predict that Cadiz Inc. will post -0.41 EPS for the current year.

Cadiz Company Profile

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.