Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Grows By 29.2%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 9,797 shares, a growth of 29.2% from the March 15th total of 7,581 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 8,413 shares, the days-to-cover ratio is currently 1.2 days.

Insider Transactions at Mackenzie Realty Capital

In other news, CEO Robert E. Dixon acquired 10,000 shares of Mackenzie Realty Capital stock in a transaction on Monday, April 6th. The shares were acquired at an average price of $3.50 per share, with a total value of $35,000.00. Following the purchase, the chief executive officer directly owned 54,241 shares in the company, valued at $189,843.50. The trade was a 22.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several large investors have recently modified their holdings of MKZR. Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital during the 3rd quarter valued at approximately $58,000. Geode Capital Management LLC increased 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 purchasing an additional 5,331 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $93,000. Concorde Asset Management LLC increased its position 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 valued at $111,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $168,000.

Mackenzie Realty Capital Stock Performance

NASDAQ:MKZR traded up $0.12 during trading hours on Friday, reaching $3.52. The stock had a trading volume of 15,348 shares, compared to its average volume of 17,737. Mackenzie Realty Capital has a 52 week low of $3.21 and a 52 week high of $16.90. The company has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $4.24. The stock has a market capitalization of $6.93 million, a PE ratio of -0.36 and a beta of -1.01.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($2.97) earnings per share (EPS) for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.The firm had revenue of $4.83 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mackenzie Realty Capital presently 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.