Cadiz Inc. received a Right-of-Way Grant from the Bureau of Land Management that allows it to convert a 220-mile natural gas pipeline into a water conveyance pipeline. The company paid about $2.5 million in fees and bonds to secure the grant, clearing the way for construction to start. The Northern Pipeline, acquired in 2021, is expected to deliver up to 25,000 acre-feet of water per year, and Cadiz already has contracts for 85% of that capacity. The grant was issued after the BLM completed environmental and species reviews.

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FAQ

Who are the top institutional investors holding CADIZ INC (CDZI)?

Major stakeholders currently include Barclays PLC ($20.7M), Whitefort Capital Management, LP ($19.6M), BlackRock, Inc. ($18.8M). Based on the latest 13F filings, there are a total of 140 tracked investment funds and institutions maintaining positions in CDZI.

What is the overall institutional sentiment toward CDZI recently?

Institutional sentiment appears Bearish (Net Selling). During the most recent reporting quarter, the stock experienced a net outflow of $23.6M, driven by 77 managers accumulating shares while 53 reduced their exposure.

Which institutions have been selling or reducing their CDZI positions?

In the latest period, 39 funds trimmed their holdings, and 14 managers completely exited their positions. The aggregate reported sell value was $80.4M.

Are there any notable investors adding CDZI to their portfolios?

Yes, buying activity remains notable. 30 institutions opened new positions in {ticker}, and 47 existing holders added to their shares. The total reported buy value for the quarter amounted to $102.1M.