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

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon purchased 23,400 shares of the business’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the acquisition, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $160,000. The trade was a 30.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mackenzie Realty Capital Price Performance

NASDAQ:MKZR opened at $1.52 on Thursday. The company has a market cap of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. The firm’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $2.82. Mackenzie Realty Capital, Inc. has a one year low of $0.83 and a one year high of $6.99.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its earnings results on Friday, May 15th. The company reported ($0.98) earnings per share (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 company had revenue of $6.13 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the third quarter valued at approximately $58,000. Geode Capital Management LLC grew its position in Mackenzie Realty Capital by 33.1% during the fourth 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 position in Mackenzie Realty Capital during the 4th quarter worth $93,000. Concorde Asset Management LLC increased its stake in 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 acquiring an additional 3,360 shares during the period. Finally, Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital in the 4th quarter valued at $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.