Ingalls & Snyder LLC Has $3,069,000 Stake in Cadiz, Inc. (NASDAQ:CDZI)

Ingalls & Snyder LLC maintained its position in Cadiz, Inc. (NASDAQ:CDZI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,300 shares of the company’s stock at the end of the second quarter. Ingalls & Snyder LLC owned approximately 1.02% of Cadiz worth $3,069,000 at the end of the most recent quarter.

Separately, Janney Montgomery Scott LLC raised its position in Cadiz by 10.6% in the second quarter. Janney Montgomery Scott LLC now owns 105,151 shares of the company’s stock valued at $1,420,000 after buying an additional 10,088 shares in the last quarter. Institutional investors own 48.58% of the company’s stock.

Cadiz, Inc. (CDZI) opened at 12.10 on Friday. Cadiz, Inc. has a 12-month low of $6.57 and a 12-month high of $16.25. The company’s market cap is $269.31 million. The company’s 50 day moving average is $13.01 and its 200 day moving average is $14.28.

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Several equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $17.50 target price on shares of Cadiz in a report on Monday, July 24th. BidaskClub lowered shares of Cadiz from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.

In related news, CFO Timothy J. Shaheen sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $13.00, for a total transaction of $650,000.00. Following the sale, the chief financial officer now owns 108,500 shares of the company’s stock, valued at $1,410,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.56% of the stock is owned by corporate insiders.

Cadiz Company Profile

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.