Elkhorn Partners Limited Partnership buys $8,753,940 stake in Cadiz Inc (CDZI)

Cadiz Inc (CDZI) : Elkhorn Partners Limited Partnership scooped up 371,800 additional shares in Cadiz Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,122,300 shares of Cadiz Inc which is valued at $8,753,940.Cadiz Inc makes up approximately 4.54% of Elkhorn Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in CDZI in the latest quarter, The investment management firm added 711 additional shares and now holds a total of 1,339 shares of Cadiz Inc which is valued at $10,444.Boston Partners reduced its stake in CDZI by selling 3,610 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 539,403 shares of CDZI which is valued at $3,743,457. Cadiz Inc makes up approx 0.01% of Boston Partners’s portfolio.Forward Management reduced its stake in CDZI by selling 9,596 shares or 16.38% in the most recent quarter. The Hedge Fund company now holds 49,000 shares of CDZI which is valued at $328,300. Cadiz Inc makes up approx 0.03% of Forward Management’s portfolio.

Cadiz Inc opened for trading at $7.4 and hit $7.69 on the upside on Monday, eventually ending the session at $7.655, with a gain of 4.58% or 0.335 points. The heightened volatility saw the trading volume jump to 38,025 shares. Company has a market cap of $143 M.

Cadiz Inc. is a land and water resource development company with acreage in three areas of eastern San Bernardino County California. The Company is engaged in agricultural operations on its properties in the Cadiz/Fenner valley and development of the water resources underlying that site. The agricultural operations include vineyards citrus orchards and seasonal vegetables. The Company’s water development efforts are primarily focused on the Cadiz Valley Water Conservation Recovery and Storage Project. The project is designed to supply capture and conserve billions of gallons of renewable native groundwater being lost annually to evaporation from the aquifer system underlying the Company’s Cadiz/Fenner property. The project is aimed to provide a reliable water supply to water users in Southern California.

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