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

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II acquired 23,400 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the transaction, the general counsel directly owned 100,000 shares of the company’s stock, valued at approximately $160,000. This represents a 30.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mackenzie Realty Capital Stock Down 7.1%

Shares of MKZR stock traded down $0.12 during trading hours on Monday, hitting $1.52. 67,965 shares of the company’s 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 firm has a market cap of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. The firm has a 50 day moving average of $1.77 and a two-hundred day moving average of $2.88.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.98) EPS for the quarter. The company had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative return on equity of 18.99% 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 Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

A number of institutional investors have recently bought and sold shares of MKZR. Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital in the 4th quarter valued at about $168,000. Concorde Asset Management LLC increased its holdings in shares of Mackenzie Realty Capital by 14.1% during the 4th 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $93,000. Geode Capital Management LLC raised its position 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 valued at $87,000 after buying an additional 5,331 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the third quarter valued at approximately $58,000.

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.