Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) CEO Purchases 10,000 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon bought 10,000 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $1.59 per share, for a total transaction of $15,900.00. Following the acquisition, the chief executive officer owned 76,600 shares of the company’s stock, valued at $121,794. This trade represents a 15.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mackenzie Realty Capital Stock Down 7.1%

Shares of Mackenzie Realty Capital stock traded down $0.12 during trading hours on Monday, reaching $1.52. 67,965 shares of the stock traded hands, compared to its average volume of 42,810. Mackenzie Realty Capital, Inc. has a one year low of $0.83 and a one year high of $6.99. The firm has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The company has a 50 day moving average price of $1.77 and a 200 day moving average price of $2.88.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after purchasing an additional 2,530 shares during the last quarter. Concorde Asset Management LLC increased its stake in Mackenzie Realty Capital by 14.1% in the 4th 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 last quarter. Citadel Advisors LLC purchased a new stake in shares of Mackenzie Realty Capital during the 3rd quarter worth approximately $58,000. Jane Street Group LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $93,000. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $168,000.

Wall Street Analyst Weigh In

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