Marshall Wace LLP boosted its holdings in Cadiz Inc (NASDAQ:CDZI) by 90.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,033 shares of the company’s stock after buying an additional 55,149 shares during the period. Marshall Wace LLP owned approximately 0.47% of Cadiz worth $1,520,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new position in Cadiz in the second quarter valued at approximately $295,000. Janney Montgomery Scott LLC lifted its holdings in Cadiz by 14.3% in the second quarter. Janney Montgomery Scott LLC now owns 41,351 shares of the company’s stock valued at $542,000 after buying an additional 5,170 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Cadiz by 16.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 48,956 shares of the company’s stock valued at $661,000 after buying an additional 6,900 shares during the period. Millennium Management LLC lifted its holdings in Cadiz by 14.6% in the first quarter. Millennium Management LLC now owns 104,954 shares of the company’s stock valued at $1,417,000 after buying an additional 13,350 shares during the period. Finally, Wafra Inc. acquired a new position in Cadiz in the second quarter valued at approximately $1,821,000. Institutional investors and hedge funds own 48.09% of the company’s stock.
Separately, BidaskClub upgraded shares of Cadiz from a “sell” rating to a “hold” rating in a report on Friday.
NASDAQ CDZI traded up $0.06 during trading hours on Friday, hitting $11.01. The company’s stock had a trading volume of 136,474 shares, compared to its average volume of 122,152. Cadiz Inc has a twelve month low of $8.85 and a twelve month high of $14.75. The company has a debt-to-equity ratio of -1.94, a quick ratio of 6.54 and a current ratio of 6.54.
Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 34,500 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.
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