Meridian Wealth Management LLC Makes New $47,000 Investment in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR)

Meridian Wealth Management LLC acquired a new position in shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $47,000. Meridian Wealth Management LLC owned 0.11% of MacKenzie Realty Capital as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. World Equity Group Inc. acquired a new position in MacKenzie Realty Capital during the fourth quarter worth $36,000. Juncture Wealth Strategies LLC acquired a new position in MacKenzie Realty Capital during the fourth quarter worth $42,000. Sageworth Trust Co acquired a new position in MacKenzie Realty Capital during the fourth quarter worth $71,000. Finally, Atomi Financial Group Inc. acquired a new position in MacKenzie Realty Capital during the fourth quarter worth $225,000.

MacKenzie Realty Capital Stock Up 1.0 %

NASDAQ:MKZR opened at $2.03 on Friday. The business’s fifty day moving average is $2.37. MacKenzie Realty Capital, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $6.07.

MacKenzie Realty Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date of this dividend was Tuesday, December 31st.

Insider Activity

In other MacKenzie Realty Capital news, CEO Robert E. Dixon bought 10,000 shares of MacKenzie Realty Capital stock in a transaction dated Thursday, January 16th. The stock was acquired at an average cost of $2.85 per share, for a total transaction of $28,500.00. Following the completion of the transaction, the chief executive officer now directly owns 19,935 shares of the company’s stock, valued at approximately $56,814.75. This represents a 100.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 66,000 shares of company stock worth $142,750 over the last three months. Insiders own 0.59% of the company’s stock.

About MacKenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.