Melia Wealth LLC Increases Stock Holdings in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Melia Wealth LLC raised its stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,414,184 shares of the company’s stock after purchasing an additional 83,886 shares during the quarter. Sachem Capital makes up about 2.4% of Melia Wealth LLC’s holdings, making the stock its 13th biggest holding. Melia Wealth LLC owned about 7.27% of Sachem Capital worth $4,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SACH. Cox Capital Mgt LLC bought a new stake in shares of Sachem Capital during the fourth quarter valued at approximately $812,000. Geode Capital Management LLC boosted its holdings in shares of Sachem Capital by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 551,476 shares of the company’s stock valued at $745,000 after buying an additional 34,558 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Sachem Capital by 113.9% in the 4th quarter. Renaissance Technologies LLC now owns 136,706 shares of the company’s stock worth $185,000 after buying an additional 72,806 shares during the period. CFO4Life Group LLC increased its stake in shares of Sachem Capital by 46.1% in the 4th quarter. CFO4Life Group LLC now owns 116,640 shares of the company’s stock worth $157,000 after acquiring an additional 36,800 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Sachem Capital during the 3rd quarter valued at about $233,000. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Stock Up 3.0 %

SACH stock opened at $1.03 on Friday. The company has a market cap of $48.38 million, a price-to-earnings ratio of -5.42, a P/E/G ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50-day moving average is $1.12 and its two-hundred day moving average is $1.59. Sachem Capital Corp. has a fifty-two week low of $0.96 and a fifty-two week high of $3.31.

Sachem Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 19.42%. The ex-dividend date was Monday, March 17th. Sachem Capital’s payout ratio is -105.26%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SACH. Alliance Global Partners restated a “neutral” rating on shares of Sachem Capital in a research note on Friday, March 28th. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Sachem Capital in a research note on Thursday, April 3rd. Finally, Industrial Alliance Securities set a $1.25 price target on Sachem Capital in a research report on Friday, March 28th.

About Sachem Capital

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.