Robert Dixon Acquires 23,400 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 23,400 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at $160,000. The trade was a 30.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mackenzie Realty Capital Stock Performance

NASDAQ:MKZR opened at $1.55 on Wednesday. The firm has a market cap of $3.50 million, a P/E ratio of -0.25 and a beta of -0.76. Mackenzie Realty Capital, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $6.99. The firm has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $2.84.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Mackenzie Realty Capital

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital during the third quarter valued at approximately $58,000. Geode Capital Management LLC grew its position in Mackenzie Realty Capital by 33.1% in the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after purchasing an additional 5,331 shares during the period. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter worth approximately $93,000. Concorde Asset Management LLC raised 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 valued at $111,000 after buying an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in Mackenzie Realty Capital during the 4th quarter valued at $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.