Water Asset Management Llc Acquires 200,000 Shares of Cadiz Inc. (CDZI) Stock
Cadiz Inc. (NASDAQ:CDZI) major shareholder Water Asset Management Llc acquired 200,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $8.08 per share, for a total transaction of $1,616,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Cadiz Inc. (NASDAQ:CDZI) opened at 8.95 on Wednesday. The firm’s market cap is $167.23 million. The stock has a 50 day moving average of $7.31 and a 200 day moving average of $6.80. Cadiz Inc. has a 52 week low of $3.00 and a 52 week high of $9.00.
Cadiz (NASDAQ:CDZI) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.28) earnings per share for the quarter. The business earned $120 million during the quarter, compared to analysts’ expectations of $227 million. Equities analysts forecast that Cadiz Inc. will post ($1.21) earnings per share for the current 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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