Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) CEO Buys 5,000 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon purchased 5,000 shares of Mackenzie Realty Capital stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of $3.64 per share, with a total value of $18,200.00. Following the transaction, the chief executive officer directly owned 44,241 shares of the company’s stock, valued at approximately $161,037.24. The trade was a 12.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mackenzie Realty Capital Trading Up 9.1%

MKZR traded up $0.33 during trading on Wednesday, hitting $3.95. The stock had a trading volume of 15,495 shares, compared to its average volume of 32,345. Mackenzie Realty Capital, Inc. has a 12 month low of $3.26 and a 12 month high of $21.50. The company has a 50 day simple moving average of $4.22 and a 200-day simple moving average of $4.74. The firm has a market cap of $7.78 million, a PE ratio of -0.40 and a beta of -1.11.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its earnings results on Tuesday, February 17th. The company reported ($2.97) earnings per share (EPS) for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.The company had revenue of $4.59 million for the quarter.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several institutional investors and hedge funds have recently made changes to their positions in MKZR. Citadel Advisors LLC acquired a new stake in Mackenzie Realty Capital in the 3rd quarter valued at $58,000. 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. Jane Street Group LLC bought a new stake in shares of Mackenzie Realty Capital in the 4th quarter valued at about $93,000. Concorde Asset Management LLC boosted its stake in shares of 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 acquiring an additional 3,360 shares during the period. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Mackenzie Realty Capital during the 4th quarter worth approximately $168,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.