Sachem Capital (NYSEAMERICAN:SACH) Shares Climb 1.3% – Should You Buy?

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

Sachem Capital Stock Performance

The business has a 50-day moving average of $0.87 and a two-hundred day moving average of $0.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $43.85 million, a P/E ratio of -3.52 and a beta of 1.18.

Sachem Capital (NYSEAMERICAN:SACH) last announced its earnings results on Wednesday, August 5th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $3.03 million during the quarter, compared to the consensus estimate of $11.19 million. Sachem Capital had a negative return on equity of 4.70% and a negative net margin of 18.74%.

Sachem Capital Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.4%. Sachem Capital’s payout ratio is presently -21.05%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Napier Financial LLC acquired a new stake in Sachem Capital in the fourth quarter valued at approximately $38,000. GSA Capital Partners LLP acquired a new position in shares of Sachem Capital during the second quarter worth $39,000. Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 104,247 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Sachem Capital during the 2nd quarter valued at $547,000. Finally, Melia Wealth LLC purchased a new stake in shares of Sachem Capital during the 2nd quarter valued at $2,642,000. Institutional investors own 18.07% of the company’s stock.

About Sachem Capital

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.