Savvy Advisors Inc. Buys 72,467 Shares of Mackenzie Realty Capital, Inc. $MKZR

Savvy Advisors Inc. raised its stake in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) by 494.1% during the second quarter, HoldingsChannel.com reports. The fund owned 87,133 shares of the company’s stock after acquiring an additional 72,467 shares during the quarter. Savvy Advisors Inc.’s holdings in Mackenzie Realty Capital were worth $58,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MKZR. Pineridge Advisors LLC bought a new stake in Mackenzie Realty Capital in the first quarter valued at $29,000. Brookwood Investment Group LLC acquired a new position in shares of Mackenzie Realty Capital during the first quarter valued at $34,000. Arkadios Wealth Advisors acquired a new position in shares of Mackenzie Realty Capital during the first quarter valued at $54,000. Concorde Asset Management LLC lifted its stake in shares of Mackenzie Realty Capital by 313.4% during the first quarter. Concorde Asset Management LLC now owns 98,100 shares of the company’s stock valued at $147,000 after acquiring an additional 74,372 shares during the period. Finally, Armistice Capital LLC acquired a new position in shares of Mackenzie Realty Capital during the first quarter valued at $2,169,000.

Mackenzie Realty Capital Price Performance

Shares of Mackenzie Realty Capital stock opened at $5.36 on Tuesday. Mackenzie Realty Capital, Inc. has a 1 year low of $3.89 and a 1 year high of $55.00. The business has a 50-day moving average of $5.50 and a two-hundred day moving average of $7.05. The company has a market capitalization of $9.49 million and a P/E ratio of -0.36.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Tuesday, October 14th. One equities 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”.

Insider Buying and Selling at Mackenzie Realty Capital

In other news, CEO Robert E. Dixon acquired 22,559 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost of $4.31 per share, for a total transaction of $97,229.29. Following the completion of the acquisition, the chief executive officer owned 22,559 shares in the company, valued at $97,229.29. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Portfolio Manager Christine Elizabeth Simpson acquired 22,559 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $4.31 per share, with a total value of $97,229.29. Following the completion of the acquisition, the portfolio manager owned 22,559 shares of the company’s stock, valued at $97,229.29. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 486,235 shares of company stock valued at $2,309,682 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

About Mackenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.