Charles Patterson II Purchases 23,400 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II acquired 23,400 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the transaction, the general counsel directly owned 100,000 shares in the company, valued at approximately $160,000. This represents a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mackenzie Realty Capital Price Performance

Shares of MKZR stock opened at $1.55 on Wednesday. The stock’s fifty day moving average price is $1.73 and its 200 day moving average price is $2.84. Mackenzie Realty Capital, Inc. has a 1-year low of $0.83 and a 1-year high of $6.99. The company has a market cap of $3.50 million, a price-to-earnings ratio of -0.25 and a beta of -0.76.

Mackenzie Realty Capital (NASDAQ:MKZR) last released 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%.

Hedge Funds Weigh In On Mackenzie Realty Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MKZR. Quinn Opportunity Partners LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter worth about $168,000. Concorde Asset Management LLC increased its holdings in shares of Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after purchasing an additional 3,360 shares during the period. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital in the fourth quarter valued at about $93,000. Geode Capital Management LLC raised its stake in shares of Mackenzie Realty Capital by 33.1% in the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after purchasing an additional 5,331 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital in the third quarter worth about $58,000.

Analyst Ratings Changes

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

About Mackenzie Realty Capital

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.