Insider Buying: Mackenzie Realty Capital (NASDAQ:MKZR) CEO Buys $37,440.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon purchased 23,400 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $160,000. This trade represents a 30.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mackenzie Realty Capital Price Performance

Shares of MKZR traded down $0.12 during trading hours on Monday, hitting $1.52. 67,965 shares of the stock were exchanged, compared to its average volume of 42,810. Mackenzie Realty Capital, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $6.99. The business has a 50-day moving average of $1.77 and a 200-day moving average of $2.88. The firm has a market capitalization of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Mackenzie Realty Capital

Several hedge funds have recently bought and sold shares of MKZR. Geode Capital Management LLC increased its position 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 acquiring an additional 2,530 shares in the last quarter. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital in the 3rd quarter valued at about $58,000. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital during the 4th quarter valued at about $93,000. Concorde Asset Management LLC boosted 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 purchasing an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital during the 4th quarter worth approximately $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.