Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Purchases 10,000 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II bought 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $1.59 per share, for a total transaction of $15,900.00. Following the completion of the transaction, the general counsel owned 76,600 shares in the company, valued at approximately $121,794. This trade represents a 15.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mackenzie Realty Capital Price Performance

Shares of NASDAQ MKZR traded down $0.12 during mid-day trading on Monday, hitting $1.52. The company’s stock had a trading volume of 67,965 shares, compared to its average volume of 42,810. Mackenzie Realty Capital, Inc. has a one year low of $0.83 and a one year high of $6.99. The company’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $2.88. The stock has a market cap of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.98) earnings per share 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 Investors Weigh In On Mackenzie Realty Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Geode Capital Management LLC lifted its holdings in shares of Mackenzie Realty Capital by 33.1% in the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after purchasing an additional 5,331 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital during the fourth quarter worth about $93,000. Concorde Asset Management LLC grew its holdings in shares of Mackenzie Realty Capital by 14.1% during the fourth 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 in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter valued at approximately $168,000.

Wall Street Analysts Forecast Growth

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

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.