LADENBURG THALM/SH SH Begins Coverage on Sachem Capital (NYSEAMERICAN:SACH)
LADENBURG THALM/SH SH started coverage on shares of Sachem Capital (NYSEAMERICAN:SACH) in a research report sent to investors on Thursday, The Fly reports. The firm issued a neutral rating on the stock.
NYSEAMERICAN:SACH traded down $0.09 during mid-day trading on Thursday, hitting $4.18. The stock had a trading volume of 130,377 shares, compared to its average volume of 133,738. Sachem Capital has a twelve month low of $3.80 and a twelve month high of $5.70.
Sachem Capital (NYSEAMERICAN:SACH) last issued its earnings results on Thursday, November 14th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $3.38 million during the quarter.
A number of large investors have recently modified their holdings of SACH. JPMorgan Chase & Co. acquired a new stake in Sachem Capital during the second quarter worth approximately $80,000. Morgan Stanley lifted its position in Sachem Capital by 47.8% during the second quarter. Morgan Stanley now owns 16,103 shares of the company’s stock worth $86,000 after acquiring an additional 5,210 shares during the last quarter. Northern Trust Corp lifted its position in Sachem Capital by 47.8% during the second quarter. Northern Trust Corp now owns 20,177 shares of the company’s stock worth $107,000 after acquiring an additional 6,523 shares during the last quarter. Pension Partners LLC acquired a new stake in Sachem Capital during the second quarter worth approximately $127,000. Finally, LPL Financial LLC acquired a new stake in Sachem Capital during the second quarter worth approximately $127,000.
Sachem Capital Company Profile
Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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