Sachem Capital (NYSEAMERICAN:SACH) Shares Climb 1.3% – What’s Next?

Sachem Capital Corp. (NYSEAMERICAN:SACH) shares shot up 1.3% during mid-day trading on Tuesday. The company traded as high as $0.9499 and last traded at $0.9144. Approximately 214,325 shares traded hands during trading, an increase of 28% from the average daily volume of 167,253 shares. The stock had previously closed at $0.9025.

Sachem Capital Stock Performance

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $0.87 and a 200 day moving average price of $0.97. The stock has a market cap of $43.85 million, a PE ratio of -3.52 and a beta of 1.18.

Sachem Capital (NYSEAMERICAN:SACH) last released its quarterly earnings data 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Sachem Capital’s dividend payout ratio is presently -21.05%.

Hedge Funds Weigh In On Sachem Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Melia Wealth LLC purchased a new position in Sachem Capital during the second quarter valued at approximately $2,642,000. BlackRock Inc. purchased a new stake in Sachem Capital during the second quarter worth $547,000. Renaissance Technologies LLC lifted its holdings in Sachem Capital by 227.3% during the first quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock worth $152,000 after buying an additional 104,247 shares during the period. GSA Capital Partners LLP bought a new stake in Sachem Capital during the 2nd quarter valued at $39,000. Finally, Napier Financial LLC bought a new stake in Sachem Capital during the 4th quarter valued at $38,000. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Company Profile

Sachem Capital Corp. (NYSE American: SACH) is a real estate finance company organized as a mortgage real estate investment trust. The company originates, underwrites, funds and services short-term mortgage loans secured primarily by first mortgage liens on residential and commercial real estate.

Its lending activities are focused on real estate investors, developers and other property owners seeking financing for acquisitions, renovations, construction, refinancing and other property-related purposes.