General Counsel/Director Patterson Adds $53K in MKZR Stock, Extending Insider Buying Streak
MKZR sits 83% above its 52-week low of $0.83.
Summary
General Counsel and Director Charles E. Patterson II purchased $53,340 of MacKenzie Realty Capital stock, adding to a wave of insider buying that now totals over $300,000 in the past week.
Key Events · Ownership and Investor Activity · MKZR
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General Counsel/Director Buys $53K
Charles E. Patterson II acquired 33,400 shares for $53,340 in two open-market transactions on August 7 and 10, at prices between $1.59 and $1.60 per share.
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Insider Cluster Accumulation
This purchase follows similar buys by the CEO, Treasurer, and Patterson himself on August 4, bringing total insider open-market purchases to over $300,000 in the past week.
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Financial Context
The company reported increased cash burn and higher debt in its May 10-Q, but insiders are buying at current prices, suggesting they see value despite near-term financial pressures.
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Ownership Structure
Shares were acquired indirectly through the Berniece Patterson Legacy Trust, of which Patterson is a beneficiary, and he disclaims beneficial ownership except to his pecuniary interest.
Analysis · MKZR · Real Estate & Construction
In open-market purchases on August 7 and 10, General Counsel and Director Charles E. Patterson II acquired $53,340 of MacKenzie Realty Capital stock at $1.59–$1.60 per share. This move comes just days after a cluster of insider buys by the CEO, Treasurer, and Patterson himself, all at similar prices. With total insider accumulation now exceeding $300,000 in a week, leadership is signaling strong conviction despite the company's recent cash burn and dilutive capital raises. Patterson's purchase, representing about 1.6% of the company's market cap, is a material vote of confidence from a key insider.
At the time of this filing, MKZR was trading at $1.52 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $3.4M. The 52-week trading range was $0.83 to $6.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.