Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Significant Increase in Short Interest

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 25,208 shares, a growth of 71.2% from the August 15th total of 14,727 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 14,993 shares, the short-interest ratio is presently 1.7 days.

Insider Buying and Selling at Mackenzie Realty Capital

In related news, CEO Robert E. Dixon purchased 23,400 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $1.60 per share, with a total value of $37,440.00. Following the acquisition, the chief executive officer directly owned 100,000 shares in the company, valued at $160,000. The trade was a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Treasurer Glen W. Fuller purchased 23,400 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $1.60 per share, with a total value of $37,440.00. Following the completion of the acquisition, the treasurer owned 100,000 shares in the company, valued at $160,000. The trade was a 30.55% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 100,200 shares of company stock worth $160,020 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Mackenzie Realty Capital

An institutional investor recently raised its position in Mackenzie Realty Capital stock. Concorde Asset Management LLC boosted its stake in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) by 40.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,250 shares of the company’s stock after purchasing an additional 11,010 shares during the period. Concorde Asset Management LLC owned about 1.69% of Mackenzie Realty Capital worth $139,000 at the end of the most recent quarter.

Mackenzie Realty Capital Price Performance

MKZR traded up $0.03 during trading on Friday, hitting $1.44. 1,586 shares of the stock traded hands, compared to its average volume of 38,141. The business has a 50 day moving average price of $1.49 and a 200 day moving average price of $2.34. Mackenzie Realty Capital has a twelve month low of $0.83 and a twelve month high of $6.64. The company has a market cap of $3.24 million, a price-to-earnings ratio of -0.23 and a beta of -0.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Mackenzie Realty Capital has a consensus 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.