Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) Treasurer Purchases $15,900.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $1.59 per share, for a total transaction of $15,900.00. Following the transaction, the treasurer owned 76,600 shares in the company, valued at approximately $121,794. This 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 hyperlink.

Mackenzie Realty Capital Trading Up 0.7%

Shares of 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 firm’s 50 day moving average is $1.72 and its 200-day moving average is $2.82. The stock has a market capitalization of $3.44 million, a PE ratio of -0.25 and a beta of -0.76.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Mackenzie Realty Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in shares of Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Geode Capital Management LLC raised its holdings in shares of Mackenzie Realty Capital by 33.1% during the 4th 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Mackenzie Realty Capital during the 4th quarter worth $93,000. Concorde Asset Management LLC lifted its position in shares of Mackenzie Realty Capital by 14.1% during the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after buying an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in Mackenzie Realty Capital in the fourth quarter valued at about $168,000.

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.