19,059 Shares in Cadiz Inc. (NASDAQ:CDZI) Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of Cadiz Inc. (NASDAQ:CDZI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,059 shares of the company’s stock, valued at approximately $58,000.

A number of other large investors have also bought and sold shares of CDZI. Nisa Investment Advisors LLC purchased a new position in shares of Cadiz during the 2nd quarter valued at $31,000. Christopher J. Hasenberg Inc bought a new stake in Cadiz in the 2nd quarter valued at about $123,000. Bank of New York Mellon Corp raised its stake 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 valued at $369,000 after acquiring an additional 15,557 shares during the period. Rhumbline Advisers lifted its holdings in Cadiz by 6.8% during the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after purchasing an additional 2,995 shares during the last quarter. Finally, HCR Wealth Advisors boosted its position in Cadiz by 347.6% during the second quarter. HCR Wealth Advisors now owns 366,687 shares of the company’s stock worth $1,133,000 after purchasing an additional 284,766 shares during the period. 79.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the completion of the transaction, the insider now owns 22,783,965 shares of the company’s stock, valued at $76,098,443.10. The trade was a 9.99 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

Cadiz Trading Down 1.5 %

Shares of CDZI stock opened at $4.07 on Wednesday. The stock has a market capitalization of $306.00 million, a price-to-earnings ratio of -7.98 and a beta of 0.97. The company’s fifty day simple moving average is $3.51 and its two-hundred day simple moving average is $3.31. Cadiz Inc. has a 1 year low of $2.12 and a 1 year high of $4.72. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cadiz to a “sell” rating in a research report on Friday, November 15th.

Cadiz 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.