Wells Fargo & Company MN Purchases 15,600 Shares of Cadiz, Inc. (CDZI)

Wells Fargo & Company MN grew its stake in Cadiz, Inc. (NASDAQ:CDZI) by 30.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,402 shares of the company’s stock after acquiring an additional 15,600 shares during the quarter. Wells Fargo & Company MN owned 0.30% of Cadiz worth $897,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ironsides Asset Advisors LLC bought a new stake in Cadiz during the 2nd quarter worth approximately $171,000. Rhumbline Advisers bought a new stake in Cadiz during the 2nd quarter worth approximately $316,000. Schwab Charles Investment Management Inc. bought a new stake in Cadiz during the 2nd quarter worth approximately $568,000. Bank of New York Mellon Corp increased its stake in Cadiz by 290.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 78,518 shares of the company’s stock worth $1,060,000 after purchasing an additional 58,430 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Cadiz by 10.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 105,151 shares of the company’s stock worth $1,420,000 after purchasing an additional 10,088 shares in the last quarter. 52.43% of the stock is owned by institutional investors.

Separately, reissued a “buy” rating and set a $17.50 target price on shares of Cadiz in a research note on Wednesday, July 19th.

In other Cadiz news, CFO Timothy J. Shaheen sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $12.30, for a total transaction of $615,000.00. Following the completion of the transaction, the chief financial officer now owns 148,500 shares of the company’s stock, valued at approximately $1,826,550. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.56% of the company’s stock.

Shares of Cadiz, Inc. (NASDAQ CDZI) opened at $13.15 on Wednesday. Cadiz, Inc. has a 52 week low of $8.85 and a 52 week high of $16.25. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of -1.76.

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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.

Institutional Ownership by Quarter for Cadiz (NASDAQ:CDZI)

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