Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Buys $37,440.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II purchased 23,400 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the transaction, the general counsel directly owned 100,000 shares in the company, valued at approximately $160,000. The trade was a 30.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Mackenzie Realty Capital Stock Up 0.7%

NASDAQ MKZR opened at $1.52 on Thursday. The firm has a market cap of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. The company’s 50 day moving average is $1.72 and its 200-day moving average is $2.82. Mackenzie Realty Capital, Inc. has a 12-month low of $0.83 and a 12-month high of $6.99.

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

Analyst Ratings Changes

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, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital in the third quarter valued at $58,000. Geode Capital Management LLC lifted its stake in Mackenzie Realty Capital by 33.1% during the fourth 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 purchased a new position in shares of Mackenzie Realty Capital in the 4th quarter worth about $93,000. Concorde Asset Management LLC boosted its holdings 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 worth $111,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital during the 4th quarter valued at about $168,000.

About Mackenzie Realty Capital

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.