Mackenzie Realty Capital (NASDAQ:MKZR) Treasurer Purchases 10,000 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $1.59 per share, for a total transaction of $15,900.00. Following the acquisition, the treasurer directly owned 76,600 shares in the company, valued at $121,794. This trade represents a 15.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Mackenzie Realty Capital Price Performance

NASDAQ:MKZR traded down $0.12 during trading hours on Monday, hitting $1.52. The stock had a trading volume of 67,965 shares, compared to its average volume of 42,810. The company has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $2.88. The firm has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. Mackenzie Realty Capital, Inc. has a one year low of $0.83 and a one year high of $6.99.

Mackenzie Realty Capital (NASDAQ:MKZR) last released 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 firm had revenue of $6.13 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Mackenzie Realty Capital

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in Mackenzie Realty Capital during the third quarter valued at about $58,000. Geode Capital Management LLC increased 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 worth $87,000 after buying an additional 5,331 shares during the period. Jane Street Group LLC purchased a new position in shares of Mackenzie Realty Capital in the fourth quarter worth about $93,000. Concorde Asset Management LLC lifted its stake in shares of Mackenzie Realty Capital by 14.1% in the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after acquiring 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 about $168,000.

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.