Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 9,810 shares, a decline of 48.9% from the July 15th total of 19,213 shares. Based on an average trading volume of 40,957 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the company’s shares are short sold.

Insiders Place Their Bets

In other Mackenzie Realty Capital news, General Counsel Charles E. Patterson II purchased 23,400 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the transaction, the general counsel owned 100,000 shares in the company, valued at $160,000. The trade was a 30.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Treasurer Glen W. Fuller purchased 23,400 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the purchase, the treasurer directly owned 100,000 shares of the company’s stock, valued at approximately $160,000. The trade was a 30.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 100,200 shares of company stock valued at $160,020 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Mackenzie Realty Capital

A number of large investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital in the 3rd quarter worth about $58,000. Geode Capital Management LLC increased its holdings in 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 in the last quarter. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital in the fourth quarter worth approximately $93,000. Concorde Asset Management LLC boosted its holdings in shares of Mackenzie Realty Capital by 14.1% during the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after buying an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of Mackenzie Realty Capital during the 4th quarter worth approximately $168,000.

Mackenzie Realty Capital Stock Down 3.8%

Mackenzie Realty Capital stock traded down $0.06 during mid-day trading on Tuesday, hitting $1.50. 15,864 shares of the stock were exchanged, compared to its average volume of 42,033. Mackenzie Realty Capital has a 12 month low of $0.83 and a 12 month high of $6.99. The firm’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $2.75. The stock has a market capitalization of $3.38 million, a price-to-earnings ratio of -0.24 and a beta of -0.76.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Mackenzie Realty Capital from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mackenzie Realty Capital has an average 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.