Robert Dixon Purchases 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief executive officer directly owned 54,241 shares in the company, valued at approximately $189,843.50. This represents a 22.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mackenzie Realty Capital Stock Up 1.5%

Shares of Mackenzie Realty Capital stock traded up $0.05 on Tuesday, hitting $3.44. The company’s stock had a trading volume of 4,514 shares, compared to its average volume of 25,942. Mackenzie Realty Capital, Inc. has a 52-week low of $3.25 and a 52-week high of $16.90. The firm has a fifty day moving average price of $3.85 and a 200-day moving average price of $4.34. The company has a market capitalization of $6.78 million, a P/E ratio of -0.35 and a beta of -1.01.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its earnings results on Tuesday, February 17th. The company reported ($2.97) earnings per share (EPS) for the quarter. Mackenzie Realty Capital had a negative net margin of 122.81% and a negative return on equity of 23.62%. The firm had revenue of $4.83 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quinn Opportunity Partners LLC acquired a new position in shares of Mackenzie Realty Capital during the fourth quarter valued at $168,000. Concorde Asset Management LLC grew its holdings in Mackenzie Realty Capital by 14.1% during the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after acquiring an additional 3,360 shares during the period. Geode Capital Management LLC boosted its position in shares of Mackenzie Realty Capital by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after purchasing an additional 2,530 shares during the period. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital in the 4th quarter valued at $93,000. Finally, Citadel Advisors LLC acquired a new position in shares of Mackenzie Realty Capital in the 3rd quarter valued at $58,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mackenzie Realty Capital currently has a consensus rating of “Sell”.

Mackenzie Realty Capital Company Profile

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.