Glen Fuller Acquires 23,400 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 23,400 shares of the stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the transaction, the treasurer directly owned 100,000 shares in the company, valued at approximately $160,000. The trade was a 30.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mackenzie Realty Capital Stock Performance

MKZR stock opened at $1.55 on Wednesday. The firm has a fifty day moving average price of $1.73 and a 200 day moving average price of $2.84. Mackenzie Realty Capital, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $6.99. The firm has a market cap of $3.50 million, a PE 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) earnings per share (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 business had revenue of $6.13 million for the quarter.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in Mackenzie Realty Capital during the 3rd quarter valued at $58,000. Geode Capital Management LLC boosted its stake in Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after buying an additional 5,331 shares during the period. Jane Street Group LLC purchased a new position in Mackenzie Realty Capital during the fourth quarter worth $93,000. Concorde Asset Management LLC increased its position in Mackenzie Realty Capital by 14.1% during the fourth 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 during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital during the fourth quarter valued at $168,000.

Analyst Ratings Changes

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