Mackenzie Realty Capital (NASDAQ:MKZR) Shares Up 0.9% – Here’s Why

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) shares traded up 0.9% on Wednesday. The company traded as high as $1.18 and last traded at $1.13. Approximately 8,303 shares traded hands during trading, a decline of 41% from the average daily volume of 14,025 shares. The stock had previously closed at $1.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Mackenzie Realty Capital currently has an average rating of “Sell”.

Read Our Latest Research Report on Mackenzie Realty Capital

Mackenzie Realty Capital Trading Up 3.4%

The stock has a market cap of $3.06 million, a PE ratio of -0.12 and a beta of -0.45. The business has a 50-day moving average of $1.40 and a 200 day moving average of $1.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Insider Buying and Selling

In other Mackenzie Realty Capital news, CEO Robert E. Dixon purchased 23,400 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the acquisition, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $160,000. The trade was a 30.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Charles E. Patterson II purchased 23,400 shares of Mackenzie Realty Capital stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the purchase, the general counsel owned 100,000 shares in the company, valued at approximately $160,000. This trade represents a 30.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 100,200 shares of company stock worth $160,020. 9.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Mackenzie Realty Capital

A hedge fund recently bought a new stake in Mackenzie Realty Capital stock. NFSG Corp bought a new position in shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,609 shares of the company’s stock, valued at approximately $31,000. NFSG Corp owned 0.85% of Mackenzie Realty Capital at the end of the most recent quarter.

Mackenzie Realty Capital Company Profile

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