Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Large Decline in Short Interest

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 9,810 shares, a drop of 48.9% from the July 15th total of 19,213 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 40,957 shares, the short-interest ratio is presently 0.2 days.

Mackenzie Realty Capital Trading Down 0.6%

Shares of Mackenzie Realty Capital stock traded down $0.01 on Friday, hitting $1.62. The stock had a trading volume of 8,163 shares, compared to its average volume of 156,004. The stock has a market cap of $3.66 million, a price-to-earnings ratio of -0.26 and a beta of -0.76. Mackenzie Realty Capital has a 52-week low of $0.83 and a 52-week high of $6.99. The company’s 50 day moving average price is $1.69 and its 200 day moving average price is $2.79.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.98) earnings per share (EPS) 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%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Mackenzie Realty Capital

In related news, Treasurer Glen W. Fuller acquired 23,400 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the purchase, the treasurer owned 100,000 shares of the company’s stock, valued at $160,000. This represents a 30.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert E. Dixon purchased 23,400 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $1.60 per share, with a total value of $37,440.00. Following the purchase, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $160,000. The trade was a 30.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 100,200 shares of company stock valued at $160,020 in the last quarter. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

Large investors have recently modified their holdings of the company. Geode Capital Management LLC grew 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 during the last quarter. Concorde Asset Management LLC raised its position in Mackenzie Realty Capital by 14.1% in 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. Citadel Advisors LLC acquired a new stake in Mackenzie Realty Capital during the 3rd quarter worth $58,000. Jane Street Group LLC purchased a new position in shares of Mackenzie Realty Capital in the 4th quarter valued at approximately $93,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of Mackenzie Realty Capital during the fourth quarter worth $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.