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

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller acquired 23,400 shares of the stock in a transaction on Monday, August 10th. The stock was bought at an average price of $1.60 per share, with a total value of $37,440.00. Following the transaction, the treasurer directly owned 100,000 shares of the company’s stock, valued at approximately $160,000. The trade was a 30.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mackenzie Realty Capital Trading Down 7.1%

Shares of NASDAQ:MKZR traded down $0.12 during trading on Monday, reaching $1.52. 67,965 shares of the company traded hands, compared to its average volume of 42,810. Mackenzie Realty Capital, Inc. has a 52-week low of $0.83 and a 52-week high of $6.99. The firm has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The business’s fifty day moving average is $1.77 and its 200-day moving average is $2.88.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its 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 firm had revenue of $6.13 million during the quarter.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Mackenzie Realty Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKZR. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital during the 4th quarter valued at approximately $168,000. Concorde Asset Management LLC raised its stake in Mackenzie Realty Capital by 40.4% during the first quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock valued at $139,000 after buying an additional 11,010 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Mackenzie Realty Capital during the fourth quarter valued at $93,000. Finally, Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital in the 3rd quarter worth about $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.