Sachem Capital (NYSEAMERICAN:SACH) Shares Down 0.4% – Here’s Why

Sachem Capital Corp. (NYSEAMERICAN:SACH) traded down 0.4% during mid-day trading on Thursday. The stock traded as low as $0.8072 and last traded at $0.8249. Approximately 126,469 shares were traded during mid-day trading, an increase of 18% from the average session volume of 107,234 shares. The stock had previously closed at $0.8282.

Sachem Capital Stock Down 1.2%

The firm has a market cap of $39.09 million, a PE ratio of -3.13 and a beta of 1.28. The company has a 50-day simple moving average of $0.88 and a 200-day simple moving average of $0.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.40.

Sachem Capital (NYSEAMERICAN:SACH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share for the quarter. Sachem Capital had a negative return on equity of 4.70% and a negative net margin of 18.74%. The business had revenue of $3.03 million during the quarter, compared to analysts’ expectations of $11.19 million.

Sachem Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 15th. Sachem Capital’s dividend payout ratio (DPR) is -21.05%.

Institutional Trading of Sachem Capital

A number of large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in Sachem Capital in the 2nd quarter worth about $39,000. KFA Private Wealth Group LLC bought a new stake in Sachem Capital during the 3rd quarter valued at about $56,000. Renaissance Technologies LLC lifted its holdings in Sachem Capital by 227.3% during the 1st quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock valued at $152,000 after buying an additional 104,247 shares in the last quarter. BlackRock Inc. purchased a new stake in Sachem Capital in the 2nd quarter valued at about $547,000. Finally, Melia Wealth LLC purchased a new stake in Sachem Capital in the 2nd quarter valued at about $2,642,000. 18.07% of the stock is owned by hedge funds and other institutional investors.

Sachem Capital Company Profile

Sachem Capital Corp. is a real estate finance company and mortgage real estate investment trust (REIT) that originates, underwrites, funds, services and manages a portfolio of mortgage loans. The company primarily provides short-term, asset-based financing to real estate investors and developers.

Its loans are generally secured by first-priority mortgages on residential and commercial properties. Borrowers commonly use the financing to acquire, renovate, develop or refinance investment properties, including projects that may not qualify for conventional bank lending.