Key Points
- CEO Robert Dixon purchased 5,000 shares on Feb 24 at $3.64 each ($18,200), raising his direct stake to 44,241 shares — a 12.74% increase valued at about $161,037.
- The stock traded up to $4.00 (+3.9%) but the company shows weak fundamentals (recent quarter EPS -$2.97, negative ROE and net margin), a market cap of ~$7.88M, and an analyst consensus of Sell.
Mackenzie Realty Capital, Inc. (NASDAQ:MKZR - Get Free Report) CEO Robert Dixon acquired 5,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average price of $3.64 per share, for a total transaction of $18,200.00. Following the purchase, the chief executive officer directly owned 44,241 shares in the company, valued at approximately $161,037.24. This trade represents a 12.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Mackenzie Realty Capital Stock Up 3.9%
MKZR traded up $0.15 during trading on Thursday, hitting $4.00. The company's stock had a trading volume of 20,048 shares, compared to its average volume of 32,065. The business's 50 day simple moving average is $4.22 and its 200-day simple moving average is $4.73. The firm has a market cap of $7.88 million, a PE ratio of -0.41 and a beta of -1.11. Mackenzie Realty Capital, Inc. has a one year low of $3.26 and a one year high of $21.50.
Mackenzie Realty Capital (NASDAQ:MKZR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($2.97) EPS for the quarter. The company had revenue of $4.59 million during the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Mackenzie Realty Capital in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".
Get Our Latest Analysis on Mackenzie Realty Capital
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Savvy Advisors Inc. grew its holdings in Mackenzie Realty Capital by 494.1% during the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company's stock valued at $58,000 after buying an additional 72,467 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital in the third quarter worth $58,000. Legacy Wealth Managment LLC ID grew its stake in Mackenzie Realty Capital by 7.1% during the second quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company's stock valued at $84,000 after acquiring an additional 8,268 shares in the last quarter. Geode Capital Management LLC grew its stake in Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company's stock valued at $87,000 after acquiring an additional 5,331 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Mackenzie Realty Capital during the fourth quarter valued at $93,000.
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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