Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Large Increase in Short Interest

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 14,727 shares, an increase of 50.1% from the July 30th total of 9,810 shares. Based on an average daily volume of 264,282 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the company’s shares are sold short.

Insiders Place Their Bets

In other Mackenzie Realty Capital news, Treasurer Glen W. Fuller bought 23,400 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the transaction, the treasurer directly owned 100,000 shares in the company, valued at approximately $160,000. This represents a 30.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Charles E. Patterson II purchased 23,400 shares of the stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the acquisition, the general counsel directly owned 100,000 shares of the company’s stock, valued at $160,000. This represents a 30.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 100,200 shares of company stock worth $160,020. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

Several large investors have recently made changes to their positions in the company. Concorde Asset Management LLC raised its position in Mackenzie Realty Capital by 40.4% during the first quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock valued at $139,000 after acquiring an additional 11,010 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the fourth quarter worth approximately $168,000. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital during the 4th quarter worth $93,000. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 5,331 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Mackenzie Realty Capital during the 3rd quarter worth $58,000.

Mackenzie Realty Capital Trading Up 1.3%

NASDAQ MKZR traded up $0.02 on Tuesday, reaching $1.52. The stock had a trading volume of 2,014 shares, compared to its average volume of 40,370. Mackenzie Realty Capital has a 1 year low of $0.83 and a 1 year high of $6.99. The business has a 50 day moving average price of $1.56 and a 200 day moving average price of $2.56. The company has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Mackenzie Realty Capital from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mackenzie Realty Capital has a consensus 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.