Alliancebernstein L.P. Invests $169,000 in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR)

Alliancebernstein L.P. bought a new stake in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) in the 4th quarter, Holdings Channel.com reports. The firm bought 53,581 shares of the company’s stock, valued at approximately $169,000.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in MacKenzie Realty Capital during the fourth quarter worth approximately $32,000. World Equity Group Inc. purchased a new position in shares of MacKenzie Realty Capital during the fourth quarter worth approximately $36,000. Juncture Wealth Strategies LLC purchased a new stake in MacKenzie Realty Capital in the 4th quarter valued at $42,000. Meridian Wealth Management LLC acquired a new stake in MacKenzie Realty Capital during the 4th quarter worth $47,000. Finally, EverSource Wealth Advisors LLC purchased a new position in MacKenzie Realty Capital during the 4th quarter worth $68,000.

Insider Buying and Selling at MacKenzie Realty Capital

In other news, CEO Robert E. Dixon purchased 20,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $1.43 per share, for a total transaction of $28,600.00. Following the completion of the purchase, the chief executive officer now directly owns 231,512 shares in the company, valued at $331,062.16. The trade was a 9.46 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have bought 94,828 shares of company stock valued at $163,988. 0.59% of the stock is owned by company insiders.

MacKenzie Realty Capital Trading Down 3.6 %

NASDAQ MKZR opened at $1.15 on Wednesday. The company has a fifty day simple moving average of $1.67. MacKenzie Realty Capital, Inc. has a one year low of $1.05 and a one year high of $6.07.

MacKenzie Realty Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 17.44%. The ex-dividend date is Monday, March 31st.

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.