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Robert E. Dixon, CEO and President of MacKenzie Realty Capital, Inc. (MKZR), recently purchased shares of the company’s common stock. The purchase comes as the company, currently valued at $7.87 million, trades below its InvestingPro Fair Value. According to a Form 4 filing with the Securities and Exchange Commission, Dixon acquired a total of $15,708 worth of shares in multiple transactions.
The purchases, all designated with transaction code "P," occurred on August 12 and 13, 2025. The prices paid ranged from $4.9008 to $4.9365 per share. Specifically, on August 12, Dixon bought 1,000 shares at $4.9008 and 198 shares at $4.9365. On August 13, he purchased two blocks of 1,000 shares each, at prices of $4.91 and $4.92 respectively. The stock, which offers a substantial 42% dividend yield, has declined over 80% in the past six months.
Following these transactions, Dixon directly owns 23,151 shares and indirectly owns 35,706 shares through MacKenzie Real Estate Advisers, LP and 5,569 shares through MPF Successors, LP. Get deeper insights into insider trading patterns and 8 additional key financial indicators with InvestingPro.
In other recent news, MacKenzie Realty Capital, Inc. announced that its board of directors has approved quarterly dividends for Series A and Series B preferred shares for the quarter ending September 30, 2025. The company has filed a Form 8-K with the Securities and Exchange Commission to accompany the announcement, which includes detailed information about the dividend payments. Additionally, MacKenzie Realty Capital has approved a 1-for-10 reverse stock split. This move aims to increase the company’s per share trading price to comply with Nasdaq Capital Market’s minimum bid price requirement for continued listing. The reverse split will reduce the number of outstanding shares from approximately 15.8 million to 1.58 million shares. 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 reports for the fiscal years ending June 30, 2024, and 2023, were not adversely affected by this change.
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