Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 7,931 shares, a decrease of 37.4% from the September 30th total of 12,666 shares. Based on an average trading volume of 16,172 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.
Mackenzie Realty Capital Price Performance
Shares of NASDAQ MKZR opened at $1.03 on Wednesday. The business has a fifty day moving average price of $1.33 and a two-hundred day moving average price of $2.44. The stock has a market capitalization of $2.85 million, a PE ratio of -0.11 and a beta of -0.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Mackenzie Realty Capital has a fifty-two week low of $0.83 and a fifty-two week high of $5.60.
Insider Buying and Selling
In other Mackenzie Realty Capital news, CEO Robert Dixon bought 23,400 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Glen Fuller acquired 23,400 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were 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 trade represents a 30.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 100,200 shares of company stock valued at $160,020. Corporate insiders own 9.00% of the company’s stock.
Hedge Funds Weigh In On Mackenzie Realty Capital
An institutional investor recently raised its position in Mackenzie Realty Capital stock. Concorde Asset Management LLC grew its holdings in shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) by 40.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,250 shares of the company’s stock after purchasing an additional 11,010 shares during the period. Concorde Asset Management LLC owned approximately 1.69% of Mackenzie Realty Capital worth $139,000 at the end of the most recent reporting period.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Mackenzie Realty Capital currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Mackenzie Realty Capital
About Mackenzie Realty Capital
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