Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) CEO Acquires 10,000 Shares

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of $1.59 per share, with a total value of $15,900.00. Following the completion of the purchase, the chief executive officer directly owned 76,600 shares in the company, valued at approximately $121,794. This represents a 15.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Mackenzie Realty Capital Price Performance

Shares of NASDAQ MKZR traded down $0.12 during mid-day trading on Monday, hitting $1.52. 67,965 shares of the company’s stock traded hands, compared to its average volume of 42,810. The company’s 50-day moving average is $1.77 and its two-hundred day moving average is $2.88. The company has a market capitalization of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. Mackenzie Realty Capital, Inc. has a 1 year low of $0.83 and a 1 year high of $6.99.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.98) EPS for the quarter. The business had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.99%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mackenzie Realty Capital has an average rating of “Sell”.

Institutional Investors Weigh In On Mackenzie Realty Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital during the third quarter valued at $58,000. Geode Capital Management LLC boosted its stake in shares of Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after purchasing an additional 5,331 shares in the last quarter. Jane Street Group LLC purchased a new stake in Mackenzie Realty Capital during the fourth quarter worth $93,000. Concorde Asset Management LLC boosted its position in Mackenzie Realty Capital by 14.1% during the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after acquiring an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital in the 4th quarter valued at $168,000.

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.