Sachem Capital (NYSEAMERICAN:SACH) Releases Quarterly Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) announced its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. Sachem Capital had a negative return on equity of 5.81% and a negative net margin of 71.91%.The business had revenue of $9.98 million for the quarter.

Sachem Capital Stock Down 0.6%

SACH stock traded down $0.01 during midday trading on Friday, hitting $1.08. 75,906 shares of the company’s stock were exchanged, compared to its average volume of 127,078. The firm has a 50 day moving average price of $1.04 and a 200-day moving average price of $1.08. Sachem Capital has a 12-month low of $0.80 and a 12-month high of $1.35. The stock has a market capitalization of $51.65 million, a price-to-earnings ratio of -1.40 and a beta of 1.23. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05.

Sachem Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Sunday, March 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 13th. This represents a $0.20 annualized dividend and a yield of 18.5%. Sachem Capital’s payout ratio is currently -105.26%.

Institutional Trading of Sachem Capital

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP increased its stake in shares of Sachem Capital by 12.3% in the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after buying an additional 14,619 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Sachem Capital by 91.1% during the 4th quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after acquiring an additional 21,862 shares in the last quarter. Jane Street Group LLC grew its holdings in Sachem Capital by 193.8% during the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after acquiring an additional 31,260 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Sachem Capital in the 3rd quarter worth about $37,000. Finally, Napier Financial LLC bought a new stake in shares of Sachem Capital in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

Sachem Capital Company Profile

Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.

The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.