Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) CEO Acquires 23,400 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon bought 23,400 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the completion of the purchase, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $160,000. This trade represents a 30.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Mackenzie Realty Capital Price Performance

Shares of Mackenzie Realty Capital stock traded down $0.12 on Monday, hitting $1.52. The company had a trading volume of 67,965 shares, compared to its average volume of 42,810. The firm has a market capitalization of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. Mackenzie Realty Capital, Inc. has a twelve month low of $0.83 and a twelve month high of $6.99. The stock has a 50-day moving average of $1.77 and a 200-day moving average of $2.88.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings results 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 reissued 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.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Mackenzie Realty Capital

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after purchasing an additional 2,530 shares during the period. Concorde Asset Management LLC grew its position in shares of Mackenzie Realty Capital by 14.1% in the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after buying an additional 3,360 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Mackenzie Realty Capital in the third quarter valued at about $58,000. Jane Street Group LLC acquired a new stake in shares of Mackenzie Realty Capital in the fourth quarter valued at about $93,000. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital during the fourth quarter worth about $168,000.

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.