Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Buys $15,900.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $1.59 per share, with a total value of $15,900.00. Following the acquisition, the general counsel directly owned 76,600 shares in the company, valued at $121,794. This trade represents a 15.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mackenzie Realty Capital Stock Up 0.7%

MKZR opened at $1.52 on Thursday. Mackenzie Realty Capital, Inc. has a 12 month low of $0.83 and a 12 month high of $6.99. The company has a fifty day simple moving average of $1.72 and a 200 day simple moving average of $2.82. The stock has a market cap of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.98) 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 for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Mackenzie Realty Capital by 1.6% during the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after acquiring an additional 2,530 shares during the period. Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter valued at $168,000. Concorde Asset Management LLC lifted its position in Mackenzie Realty Capital by 40.4% in the 1st quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock valued at $139,000 after acquiring an additional 11,010 shares in the last quarter. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital in the 4th quarter worth $93,000. Finally, Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the 3rd quarter worth $58,000.

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.