Centaurus Financial Inc. Invests $259,000 in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR)

Centaurus Financial Inc. acquired a new position in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 81,992 shares of the company’s stock, valued at approximately $259,000. Centaurus Financial Inc. owned approximately 0.59% of MacKenzie Realty Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MKZR. Sageworth Trust Co acquired a new stake in MacKenzie Realty Capital in the 4th quarter worth about $71,000. World Equity Group Inc. acquired a new stake in MacKenzie Realty Capital in the 4th quarter worth about $36,000. Meridian Wealth Management LLC acquired a new stake in MacKenzie Realty Capital in the 4th quarter worth about $47,000. Ashton Thomas Private Wealth LLC acquired a new stake in MacKenzie Realty Capital in the 4th quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in MacKenzie Realty Capital in the 4th quarter worth about $68,000.

MacKenzie Realty Capital Price Performance

Shares of MacKenzie Realty Capital stock opened at $0.92 on Friday. MacKenzie Realty Capital, Inc. has a twelve month low of $0.79 and a twelve month high of $5.50. The business has a 50-day simple moving average of $1.19.

MacKenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.47) earnings per share for the quarter. The business had revenue of $4.27 million for the quarter.

MacKenzie Realty Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 21.74%. The ex-dividend date of this dividend was Monday, March 31st.

Insider Activity

In other news, CEO Robert E. Dixon bought 20,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $1.43 per share, for a total transaction of $28,600.00. Following the transaction, the chief executive officer now owns 231,512 shares of the company’s stock, valued at $331,062.16. This represents a 9.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 94,828 shares of company stock worth $163,988. 0.59% of the stock is currently owned by corporate insiders.

MacKenzie Realty Capital Profile

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.