Cadiz Inc: Brett Hendrickson’s Nokomis Capital. Makes Purchase

February 15, 2018 - By Hazel Jackson

 Cadiz Inc: Brett Hendrickson's Nokomis Capital. Makes Purchase

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.23, from 1.31 in 2017Q2. It dived, as 8 investors sold Cadiz Inc. shares while 17 reduced holdings. 6 funds opened positions while 21 raised stakes. 11.09 million shares or 4.21% less from 11.58 million shares in 2017Q2 were reported.

Aqr Mgmt Lc reported 11,355 shares. Assets Cap Advisers owns 1.02M shares. Bridgeway Capital Mgmt holds 88,200 shares or 0.01% of its portfolio. Geode Capital Mngmt Ltd Liability Corp reported 199,052 shares. Group Inc One Trading Ltd Partnership reported 0% of its portfolio in Cadiz Inc. (NASDAQ:CDZI). The New York-based Water Asset Management Limited Liability Com has invested 18.8% in Cadiz Inc. (NASDAQ:CDZI). Kbc Nv holds 216,437 shares or 0.02% of its portfolio. D E Shaw & Company reported 0% of its portfolio in Cadiz Inc. (NASDAQ:CDZI). Moreover, Manufacturers Life Insur The has 0% invested in Cadiz Inc. (NASDAQ:CDZI) for 19,427 shares. Mcf Ltd Liability Corp holds 0% of its portfolio in Cadiz Inc. (NASDAQ:CDZI) for 500 shares. Goldman Sachs has 11,305 shares. 23,814 are owned by Rhumbline Advisers. Gamco Investors Et Al holds 0% or 10,000 shares. Hightower Limited Liability Company holds 16,018 shares or 0% of its portfolio. Amer Int Group accumulated 14,011 shares.

The New Brett Hendrickson’s Nokomis Capital. Holding in Cadiz Inc

Nokomis Capital. reported SC 13G/A form with the SEC for Cadiz Inc. Access it here: 000119312518045598. As reported by Brett Hendrickson’s Nokomis Capital., the filler owns 9.9% or 2,531,995 shares of the Utilities & Telecommunications–company.

Cadiz Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Brett Hendrickson’s Nokomis Capital.’s positive view for Cadiz Inc. For a hedge fund managing $289.90 million in assets and having 7+ experts this is interesting position.

The hedge fund is investor in the Utilities & Telecommunications sector. In the manager’s last 13-F, we saw 11% of Brett Hendrickson’s Nokomis Capital.’s portfolio is in the sector.

Cadiz Inc Institutional Sentiment

Filings show 50 investors own Cadiz Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 4700615. 14901231 were owned by these investors. 7 funds opened new Cadiz Inc stakes, 21 increased positions. There were 3 that closed positions and 9 reduced them.

4 investors had the stock in their top 10. Some are: Water Asset Management Llc, American Assets Capital Advisers, Elkhorn Partners Limited Partnership..

Crispin Odey Odey Asset Management Group Ltd is an investor bullish on Cadiz Inc, owning 2097633 shares as of Q3 2015 for 1.21% of its portfolio. Alan S. Parsow Elkhorn Partners Limited Partnership owns 569728 shares or 2.56% of its portfolio. NY Sophrosyne Capital Llc have 1.86% of its portfolio for 29500 shares. Further, American Assets Capital Advisers reported stake worth 4.83% of its portfolio. The NY Water Asset Management Llc owns 2424860 shares. Cadiz Inc is 10.09% of its portfolio.

Business 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. As of December 31, 2016, the Company was focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project (Water Project or Project), which captures and conserves native groundwater being lost to evaporation from the aquifer system beneath its 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner Property), and delivers it to water providers throughout Southern California. Its development activities include water resource and agricultural development at its San Bernardino County properties.

SEC Form 13G.

Brett Hendrickson’s Nokomis Capital. website.

The stock increased 1.45% or $0.2 during the last trading session, reaching $14. About 18,259 shares traded. Cadiz Inc. (NASDAQ:CDZI) has risen 165.70% since February 15, 2017 and is uptrending. It has outperformed by 149.00% the S&P500.

Cadiz Inc. operates as a land and water resource development firm in the United States. The company has market cap of $319.23 million. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. It currently has negative earnings. The firm owns approximately 34,000 acres of land and the subsurface strata, including unsaturated soils and appurtenant water rights in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres in the Mojave Desert in eastern San Bernardino County.

Another recent and important Cadiz Inc. (NASDAQ:CDZI) news was published by Fool.com which published an article titled: “Why Cadiz, Inc. Stock Just Jumped 33%” on September 05, 2017.

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