Insider Buying: Cadiz Inc. (CDZI) Director Acquires 15,000 Shares of Stock
Cadiz Inc. (NASDAQ:CDZI) Director Winston H. Hickox purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were acquired at an average price of $8.94 per share, for a total transaction of $134,100.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Cadiz Inc. (NASDAQ:CDZI) traded up 1.12% during midday trading on Wednesday, hitting $9.05. The stock had a trading volume of 157,643 shares. The firm has a 50 day moving average price of $7.31 and a 200 day moving average price of $6.80. Cadiz Inc. has a one year low of $3.00 and a one year high of $9.30. The stock’s market cap is $169.10 million.
Cadiz (NASDAQ:CDZI) last posted its earnings results on Wednesday, November 9th. The company reported ($0.28) earnings per share (EPS) for the quarter. The company earned $120 million during the quarter, compared to analysts’ expectations of $227 million. On average, equities analysts forecast that Cadiz Inc. will post ($1.21) earnings per share for the current fiscal year.
Cadiz Inc is a land and water resource development company with approximately 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.
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