Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Down 40.7% in April

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 8,024 shares, a decrease of 40.7% from the April 15th total of 13,521 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 24,397 shares, the short-interest ratio is presently 0.3 days.

Insider Activity at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, CEO Robert E. Dixon acquired 10,000 shares of Mackenzie Realty Capital stock in a transaction dated Monday, April 6th. The stock was bought at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the purchase, the chief executive officer directly owned 54,241 shares in the company, valued at approximately $189,843.50. This represents a 22.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in Mackenzie Realty Capital in the third quarter valued at about $58,000. Geode Capital Management LLC lifted its stake 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 buying 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 4th quarter valued at approximately $93,000. Concorde Asset Management LLC lifted its stake 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 buying an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $168,000.

Mackenzie Realty Capital Stock Up 0.4%

Shares of MKZR stock traded up $0.01 during trading hours on Monday, hitting $2.36. 23,985 shares of the company’s stock traded hands, compared to its average volume of 25,315. Mackenzie Realty Capital has a 12 month low of $2.22 and a 12 month high of $16.90. The stock’s 50 day simple moving average is $3.31 and its 200 day simple moving average is $3.90. The stock has a market cap of $4.65 million, a PE ratio of -0.24 and a beta of -1.05.

Mackenzie Realty Capital (NASDAQ:MKZR – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. Mackenzie Realty Capital had a negative return on equity of 18.74% and a negative net margin of 90.30%.The firm had revenue of $6.13 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Analysis on MKZR

Mackenzie Realty Capital Company Profile

(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.

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