Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) Treasurer Buys $37,440.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller acquired 23,400 shares of the firm’s 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 owned 100,000 shares of the company’s stock, valued at $160,000. This trade represents a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mackenzie Realty Capital Stock Up 0.7%

MKZR stock opened at $1.52 on Thursday. The firm has a market cap of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The company’s fifty day simple moving average is $1.72 and its 200 day simple moving average is $2.82. Mackenzie Realty Capital, Inc. has a 12-month low of $0.83 and a 12-month high of $6.99.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MKZR. Concorde Asset Management LLC grew its holdings in Mackenzie Realty Capital by 40.4% in the first quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock worth $139,000 after purchasing an additional 11,010 shares during the period. Quinn Opportunity Partners LLC acquired a new position in shares of Mackenzie Realty Capital during the fourth quarter valued at about $168,000. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital during the fourth quarter valued at about $93,000. Geode Capital Management LLC boosted its position 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 purchasing an additional 5,331 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital during the 3rd quarter worth about $58,000.

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.