Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 8,024 shares, a decline of 40.7% from the April 15th total of 13,521 shares. Based on an average daily volume of 24,397 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, CEO Robert E. Dixon acquired 10,000 shares of the stock in a transaction on Monday, April 6th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief executive officer directly owned 54,241 shares in the company, valued at approximately $189,843.50. This trade represents a 22.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Mackenzie Realty Capital by 1.6% during the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after buying an additional 2,530 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in shares of Mackenzie Realty Capital during the fourth quarter worth $168,000. Concorde Asset Management LLC increased 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. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital during the fourth quarter worth $93,000. Finally, Citadel Advisors LLC acquired a new position in shares of Mackenzie Realty Capital during the third quarter worth $58,000.

Mackenzie Realty Capital Stock Up 4.9%

Shares of NASDAQ:MKZR traded up $0.11 during trading on Friday, hitting $2.35. 47,774 shares of the company were exchanged, compared to its average volume of 25,315. The business’s 50 day moving average is $3.33 and its 200-day moving average is $3.92. The company has a market capitalization of $4.63 million, a P/E ratio of -0.24 and a beta of -1.05. Mackenzie Realty Capital has a 1-year low of $2.22 and a 1-year high of $16.90.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.98) earnings per share (EPS) for the quarter. The company had revenue of $6.13 million for the quarter. Mackenzie Realty Capital had a negative return on equity of 18.74% and a negative net margin of 90.30%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.