Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Purchases 23,400 Shares of Stock

by · The Markets Daily

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) General Counsel Charles Patterson II bought 23,400 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of $1.60 per share, with a total value of $37,440.00. Following the acquisition, the general counsel owned 100,000 shares of the company’s stock, valued at $160,000. This trade represents a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mackenzie Realty Capital Price Performance

NASDAQ MKZR traded down $0.12 on Monday, hitting $1.52. The stock had a trading volume of 67,965 shares, compared to its average volume of 42,810. The business’s fifty day moving average price is $1.77 and its 200 day moving average price is $2.88. Mackenzie Realty Capital, Inc. has a 52-week low of $0.83 and a 52-week high of $6.99. The stock has a market cap of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76.

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

Institutional Investors Weigh In On Mackenzie Realty Capital

Several hedge funds have recently bought and sold shares of MKZR. Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $168,000. Jane Street Group LLC acquired a new stake in Mackenzie Realty Capital during the fourth quarter valued at $93,000. Citadel Advisors LLC purchased a new position in Mackenzie Realty Capital in the third quarter valued at $58,000. Concorde Asset Management LLC raised its position in shares of Mackenzie Realty Capital by 40.4% in the first quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock worth $139,000 after acquiring an additional 11,010 shares during the period. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 5,331 shares in the last quarter.

Analyst Ratings Changes

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

Get Our Latest Analysis on Mackenzie Realty Capital

About Mackenzie Realty Capital

(Get Free Report)

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.

See Also