Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Down 48.9% in July

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,810 shares, a decrease of 48.9% from the July 15th total of 19,213 shares. Based on an average trading volume of 40,957 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s shares are short sold.

Mackenzie Realty Capital Stock Down 0.6%

NASDAQ MKZR traded down $0.01 on Friday, reaching $1.62. The stock had a trading volume of 8,163 shares, compared to its average volume of 156,004. The firm has a market capitalization of $3.66 million, a price-to-earnings ratio of -0.26 and a beta of -0.76. Mackenzie Realty Capital has a 12-month low of $0.83 and a 12-month high of $6.99. The stock has a fifty day moving average price of $1.69 and a two-hundred day moving average price of $2.79.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.98) EPS for the quarter. The firm had revenue of $6.13 million for the quarter. Mackenzie Realty Capital had a negative return on equity of 18.99% and a negative net margin of 90.30%.

Wall Street Analyst Weigh In

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

Insider Activity at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, General Counsel Charles E. Patterson II acquired 23,400 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the transaction, the general counsel 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 this link. Also, CEO Robert E. Dixon bought 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 purchase, the chief executive officer owned 100,000 shares of the company’s stock, valued at $160,000. The trade was a 30.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 100,200 shares of company stock worth $160,020. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several institutional investors have recently bought and sold shares of MKZR. Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital in the fourth quarter valued at approximately $168,000. 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 buying an additional 3,360 shares during the period. Jane Street Group LLC purchased a new stake in Mackenzie Realty Capital during the 4th quarter worth approximately $93,000. Geode Capital Management LLC lifted its holdings in Mackenzie Realty Capital by 33.1% during the 4th 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. Finally, Citadel Advisors LLC purchased a new position in Mackenzie Realty Capital in the 3rd quarter valued at approximately $58,000.

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.