Cadiz Inc (CDZI) : American Assets Capital Advisers reduced its stake in Cadiz Inc by 6.83% during the most recent quarter end. The investment management company now holds a total of 904,504 shares of Cadiz Inc which is valued at $7,055,131 after selling 66,324 shares in Cadiz Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Cadiz Inc makes up approximately 4.42% of American Assets Capital Advisers’s portfolio.
Other Hedge Funds, Including , 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. Simplex Trading added CDZI to its portfolio by purchasing 2,353 company shares during the most recent quarter which is valued at $16,142.
Cadiz Inc opened for trading at $7.78 and hit $7.85 on the upside on Friday, eventually ending the session at $7.845, with a gain of 1.88% or 0.145 points. The heightened volatility saw the trading volume jump to 39,140 shares. Company has a market cap of $147 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.