Mackenzie Realty Capital (NASDAQ:MKZR) Shares Up 3.7% – Should You Buy?

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR)’s stock price shot up 3.7% on Thursday . The company traded as high as $5.22 and last traded at $5.10. 24,162 shares traded hands during trading, a decline of 35% from the average session volume of 37,150 shares. The stock had previously closed at $4.92.

Mackenzie Realty Capital Stock Performance

The stock’s 50 day moving average price is $5.49 and its two-hundred day moving average price is $8.59.

Insiders Place Their Bets

In other Mackenzie Realty Capital news, Portfolio Manager Christine Elizabeth Simpson acquired 15,146 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average cost of $5.10 per share, for a total transaction of $77,244.60. Following the transaction, the portfolio manager directly owned 70,864 shares of the company’s stock, valued at approximately $361,406.40. This represents a 27.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Angche Sherpa acquired 15,146 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $5.10 per share, for a total transaction of $77,244.60. Following the completion of the transaction, the chief financial officer directly owned 70,864 shares in the company, valued at approximately $361,406.40. This represents a 27.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 426,235 shares of company stock worth $2,005,922. 0.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Mackenzie Realty Capital by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after acquiring an additional 2,530 shares during the period. Legacy Wealth Managment LLC ID lifted its holdings in shares of Mackenzie Realty Capital by 7.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock worth $84,000 after acquiring an additional 8,268 shares during the period. Northern Trust Corp purchased a new position in shares of Mackenzie Realty Capital during the 4th quarter worth about $40,000. Pineridge Advisors LLC purchased a new position in shares of Mackenzie Realty Capital during the 1st quarter worth about $29,000. Finally, Citadel Advisors LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter worth approximately $70,000.

Mackenzie Realty Capital Company Profile

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.