Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 8,024 shares, a decrease of 40.7% from the April 15th total of 13,521 shares. Based on an average daily trading volume, of 24,397 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Mackenzie Realty Capital Stock Performance

Mackenzie Realty Capital stock traded up $0.10 during trading hours on Tuesday, reaching $2.46. 1,204 shares of the company’s stock traded hands, compared to its average volume of 25,865. Mackenzie Realty Capital has a fifty-two week low of $2.22 and a fifty-two week high of $16.90. The firm has a market capitalization of $4.85 million, a price-to-earnings ratio of -0.25 and a beta of -1.05. The firm’s 50 day moving average is $3.31 and its 200-day moving average is $3.90.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. The firm had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.74%.

Insider Activity

In other news, CEO Robert E. Dixon bought 10,000 shares of the stock in a transaction dated Monday, April 6th. The shares were acquired at an average price of $3.50 per share, with a total value of $35,000.00. Following the acquisition, the chief executive officer owned 54,241 shares in the company, valued at $189,843.50. This trade represents a 22.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several hedge funds have recently made changes to their positions in MKZR. Geode Capital Management LLC grew its stake in shares of Mackenzie Realty Capital by 1.6% during the 2nd 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. Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital during the 3rd quarter worth approximately $58,000. Jane Street Group LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter worth approximately $93,000. Concorde Asset Management LLC grew its stake in shares of 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 in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter worth approximately $168,000.

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.