Charles Patterson II Buys 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II bought 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $1.59 per share, for a total transaction of $15,900.00. Following the completion of the acquisition, the general counsel owned 76,600 shares of the company’s stock, valued at $121,794. The trade was a 15.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mackenzie Realty Capital Price Performance

MKZR stock traded down $0.12 during trading hours on Monday, reaching $1.52. The stock had a trading volume of 67,965 shares, compared to its average volume of 42,810. The stock has a market capitalization of $3.44 million, a PE ratio of -0.25 and a beta of -0.76. The stock has a 50-day simple moving average of $1.77 and a 200 day simple moving average of $2.88. Mackenzie Realty Capital, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $6.99.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings data 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%.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Mackenzie Realty Capital by 1.6% during the 2nd 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. Concorde Asset Management LLC boosted its stake in Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after buying an additional 3,360 shares in the last quarter. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital in the third quarter valued at about $58,000. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter worth about $93,000. Finally, Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter worth about $168,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.