In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cadiz Inc. (NASDAQ:CDZI) reported that American Assets Capital Advisers has picked up 889,797 of common stock as of 2017-01-30.
The acquisition brings the aggregate amount owned by American Assets Capital Advisers to a total of 889,797 representing a 4.51% stake in the company.
For those not familiar with the company, Cadiz Inc. is a land and water resource development company with approximately 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. It is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project, which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County and deliver it to water providers throughout Southern California. In addition to the Cadiz/Fenner Valley property, it also owns approximately 11,000 additional acres in the eastern Mojave Desert portion of San Bernardino County, California at two separate properties. It owns over 2,000 acres near Danby Dry Lake in Ward Valley.
A glance at Cadiz Inc. (NASDAQ:CDZI)’s key stats reveals a current market capitalization of 307.15 million based on 20.75 million shares outstanding and a price at last close of $14.80 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-30, Water picked up 20,000 at a purchase price of $12.36. This brings their total holding to 2,957,660 as of the date of the filing.
On the sell side, the most recent transaction saw Brackpool unload 50,000 shares at a sale price of $12.70. This brings their total holding to 185,000 .
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cadiz Inc. (NASDAQ:CDZI) as things move forward to see if its progress aligns with these transactions.
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