Elkhorn Partners Limited Partnership buys $4.5 Million stake in Cadiz Inc (CDZI)

Cadiz Inc (CDZI) : Elkhorn Partners Limited Partnership scooped up 2,500 additional shares in Cadiz Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 750,500 shares of Cadiz Inc which is valued at $4.5 Million.Cadiz Inc makes up approximately 2.48% of Elkhorn Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including ,

Cadiz Inc closed down -0.055 points or -0.84% at $6.48 with 1,44,117 shares getting traded on Wednesday. Post opening the session at $6.67, the shares hit an intraday low of $6.38 and an intraday high of $6.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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