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

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon bought 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $15,900.00. Following the purchase, the chief executive officer directly owned 76,600 shares in the company, valued at approximately $121,794. The trade was a 15.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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 PE ratio of -0.25 and a beta of -0.76. The business has a 50 day moving average of $1.72 and a 200-day moving average of $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 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in shares of Mackenzie Realty Capital during the 3rd quarter worth approximately $58,000. Geode Capital Management LLC raised its holdings in shares of Mackenzie Realty Capital by 33.1% in 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 during the period. Jane Street Group LLC purchased a new position in Mackenzie Realty Capital in the fourth quarter valued at approximately $93,000. Concorde Asset Management LLC grew its holdings in Mackenzie Realty Capital by 14.1% during the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after purchasing an additional 3,360 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital during the fourth quarter valued at $168,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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.