Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

by · The Markets Daily

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 13,949 shares, a decrease of 44.7% from the August 31st total of 25,208 shares. Based on an average trading volume of 7,870 shares, the short-interest ratio is currently 1.8 days. Approximately 0.7% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Mackenzie Realty Capital from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mackenzie Realty Capital currently has an average rating of “Sell”.

Check Out Our Latest Report on MKZR

Insider Activity at Mackenzie Realty Capital

In related news, General Counsel Charles E. Patterson II purchased 23,400 shares of Mackenzie Realty Capital 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 purchase, the general counsel owned 100,000 shares of the company’s stock, valued at approximately $160,000. The trade was a 30.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert E. Dixon purchased 23,400 shares of Mackenzie Realty Capital stock in a transaction dated 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 transaction, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $160,000. This represents a 30.55% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 100,200 shares of company stock worth $160,020. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mackenzie Realty Capital

A hedge fund recently raised its stake in Mackenzie Realty Capital stock. Concorde Asset Management LLC raised its holdings in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) by 40.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,250 shares of the company’s stock after purchasing an additional 11,010 shares during the period. Concorde Asset Management LLC owned 1.69% of Mackenzie Realty Capital worth $139,000 at the end of the most recent reporting period.

Mackenzie Realty Capital Price Performance

Shares of NASDAQ:MKZR traded down $0.06 on Wednesday, reaching $1.31. 3,184 shares of the company were exchanged, compared to its average volume of 6,299. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Mackenzie Realty Capital has a 1-year low of $0.83 and a 1-year high of $6.00. The company has a 50-day moving average of $1.44 and a 200-day moving average of $2.20. The firm has a market cap of $3.63 million, a price-to-earnings ratio of -0.14 and a beta of -0.46.

About Mackenzie Realty Capital

(Get Free Report)

MacKenzie Realty Capital, Inc is a real estate investment trust focused on acquiring, owning and managing income-producing commercial real estate and real estate-related investments. The company seeks to provide investors with exposure to a diversified portfolio of properties and related assets.

Its activities may include investing in commercial properties across multiple real estate sectors, as well as selected real estate securities and other assets associated with the property market.

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