Glen Fuller Buys 23,400 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZRGet Free Report) Treasurer Glen Fuller acquired 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 completion of the acquisition, the treasurer owned 100,000 shares in the company, valued at $160,000. The trade was a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mackenzie Realty Capital Stock Performance

Shares of MKZR stock traded down $0.12 during mid-day trading on Monday, hitting $1.52. The company’s stock had a trading volume of 67,965 shares, compared to its average volume of 42,810. 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, Inc. has a 52-week low of $0.83 and a 52-week high of $6.99. The business has a 50-day moving average price of $1.77 and a 200 day moving average price of $2.88.

Mackenzie Realty Capital (NASDAQ:MKZRGet Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.98) 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 business had revenue of $6.13 million during the quarter.

Institutional Trading of Mackenzie Realty Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital in the third quarter valued at about $58,000. Geode Capital Management LLC grew its position in shares of Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after purchasing an additional 5,331 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Mackenzie Realty Capital during the fourth quarter worth about $93,000. Concorde Asset Management LLC raised its stake in 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 period. Finally, Quinn Opportunity Partners LLC purchased a new position in Mackenzie Realty Capital in the 4th quarter worth approximately $168,000.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on MKZR

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

Insider Buying and Selling by Quarter for Mackenzie Realty Capital (NASDAQ:MKZR)

Receive News & Ratings for Mackenzie Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mackenzie Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.