Sachem Capital Corp. (NYSEAMERICAN:SACH) Short Interest Update

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 170,649 shares, an increase of 18.8% from the February 26th total of 143,630 shares. Based on an average daily trading volume, of 195,327 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Sachem Capital

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of Sachem Capital by 193.8% in the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after acquiring an additional 31,260 shares during the period. Vanguard Group Inc. raised its holdings in Sachem Capital by 1.7% during the third quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock worth $2,608,000 after purchasing an additional 40,159 shares during the last quarter. Virtu Financial LLC purchased a new stake in Sachem Capital during the third quarter worth $37,000. Susquehanna International Group LLP boosted its position in Sachem Capital by 12.3% during the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after purchasing an additional 14,619 shares in the last quarter. Finally, GatePass Capital LLC grew its holdings in Sachem Capital by 37.6% in the fourth quarter. GatePass Capital LLC now owns 199,500 shares of the company’s stock valued at $207,000 after purchasing an additional 54,500 shares during the last quarter. Hedge funds and other institutional investors own 18.07% of the company’s stock.

Sachem Capital Stock Performance

Sachem Capital stock remained flat at $1.01 during midday trading on Tuesday. The company’s stock had a trading volume of 169,196 shares, compared to its average volume of 161,674. The company has a market capitalization of $48.45 million, a price-to-earnings ratio of 20.20 and a beta of 1.23. Sachem Capital has a 12 month low of $0.80 and a 12 month high of $1.35. The company’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $1.06. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.01.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter. Sachem Capital had a net margin of 14.05% and a return on equity of 3.56%. The business had revenue of $9.98 million for the quarter, compared to analysts’ expectations of $12.18 million. Equities analysts predict that Sachem Capital will post -0.57 earnings per share for the current year.

Sachem Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 19.8%. Sachem Capital’s dividend payout ratio (DPR) is -105.26%.

About Sachem Capital

Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.

The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.