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.
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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