Sachem Capital Corp. (NYSEAMERICAN:SACH) Director Purchases $10,240.00 in Stock

Sachem Capital Corp. (NYSEAMERICAN:SACH) Director William C. Haydon acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The stock was bought at an average cost of $5.12 per share, with a total value of $10,240.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $10,240. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NYSEAMERICAN:SACH traded down $0.03 during trading hours on Wednesday, hitting $5.05. 1,500 shares of the stock were exchanged, compared to its average volume of 222,604. Sachem Capital Corp. has a 52-week low of $3.71 and a 52-week high of $5.68. The business’s fifty day simple moving average is $4.16. The firm has a market cap of $143.00 million, a P/E ratio of 12.39 and a beta of 1.33.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings data on Sunday, August 15th. The company reported $0.11 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. Sachem Capital had a return on equity of 9.61% and a net margin of 41.07%. As a group, equities research analysts anticipate that Sachem Capital Corp. will post 0.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 30th. Stockholders of record on Monday, July 26th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.50%. Sachem Capital’s dividend payout ratio (DPR) is presently 106.67%.

Several brokerages have recently issued reports on SACH. Zacks Investment Research cut Sachem Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 26th. Janney Montgomery Scott began coverage on Sachem Capital in a report on Thursday, June 17th. They issued a “buy” rating for the company.

Several hedge funds have recently bought and sold shares of SACH. BlackRock Inc. grew its position in shares of Sachem Capital by 0.5% in the first quarter. BlackRock Inc. now owns 492,544 shares of the company’s stock valued at $2,571,000 after purchasing an additional 2,462 shares in the last quarter. Renaissance Technologies LLC grew its position in Sachem Capital by 101.0% in the first quarter. Renaissance Technologies LLC now owns 194,672 shares of the company’s stock worth $1,016,000 after acquiring an additional 97,808 shares during the period. Axiom Investment Management LLC purchased a new position in Sachem Capital in the first quarter worth approximately $344,000. Squarepoint Ops LLC grew its position in Sachem Capital by 11.1% in the first quarter. Squarepoint Ops LLC now owns 26,235 shares of the company’s stock worth $137,000 after acquiring an additional 2,614 shares during the period. Finally, Virtu Financial LLC purchased a new position in Sachem Capital in the first quarter worth approximately $86,000. Institutional investors and hedge funds own 15.17% of the company’s stock.

About Sachem Capital

Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. The firm specializes in originating, underwriting, funding, servicing, and managing services for a portfolio of short-term loans. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or development of residential and commercial properties.

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