Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Glen Fuller, Treasurer at MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), recently purchased 20,012 shares of the company’s common stock. The transactions, which occurred on August 14, 2025, involved a total investment of $96,858 in the small-cap company, currently valued at $7.46 million. According to InvestingPro analysis, MKZR trades at a notably low Price/Book ratio of 0.11x and offers a substantial dividend yield of 42.55%.
The shares were bought at a weighted average price of $4.84, with individual prices ranging from $4.75 to $4.91. Following the transaction, Mr. Fuller indirectly holds 55,718 shares through MacKenzie Real Estate Advisers, LP. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 8 additional key insights available to subscribers.
In other recent news, MacKenzie Realty Capital has announced its board of directors approved the regular quarterly dividends for Series A and Series B preferred shares for the quarter ending September 30, 2025. This decision was disclosed through a press release and an SEC filing, with letters to be mailed to preferred stockholders. Additionally, the company has approved a 1-for-10 reverse stock split, intending to increase its per share trading price to meet Nasdaq’s minimum bid price requirements. This action will reduce the number of outstanding shares from approximately 15.8 million to 1.58 million.
In another development, MacKenzie Realty Capital has appointed Baker Tilly US, LLP as its new auditor following the merger of its previous auditor, Moss Adams LLP, with Baker Tilly. The company’s Audit Committee facilitated this transition, and it was noted that Moss Adams’s audit reports for the fiscal years ending June 30, 2024, and 2023, did not contain any adverse opinions or disclaimers. These recent developments reflect ongoing changes and decisions within MacKenzie Realty Capital.
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