Sachem Capital (NYSEAMERICAN:SACH) Earns “Outperform” Rating from Oppenheimer

Sachem Capital (NYSEAMERICAN:SACH)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer in a report issued on Friday,Benzinga reports. They currently have a $2.50 price target on the stock, down from their previous price target of $4.00. Oppenheimer’s price objective indicates a potential upside of 79.86% from the stock’s previous close.

Separately, Alliance Global Partners downgraded shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a report on Friday, November 15th.

Sachem Capital Trading Up 1.5 %

SACH stock traded up $0.02 during trading on Friday, reaching $1.39. The company’s stock had a trading volume of 39,705 shares, compared to its average volume of 345,489. Sachem Capital has a 1 year low of $1.35 and a 1 year high of $4.64. The firm has a market capitalization of $65.29 million, a PE ratio of -7.32, a PEG ratio of 0.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SACH. J.W. Cole Advisors Inc. purchased a new position in shares of Sachem Capital during the second quarter valued at approximately $28,000. Renaissance Technologies LLC purchased a new stake in shares of Sachem Capital in the second quarter worth approximately $30,000. Brookstone Capital Management purchased a new stake in shares of Sachem Capital in the second quarter worth approximately $46,000. JB Capital LLC raised its holdings in shares of Sachem Capital by 32.7% in the third quarter. JB Capital LLC now owns 20,301 shares of the company’s stock worth $51,000 after buying an additional 5,006 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Sachem Capital in the third quarter worth approximately $60,000. Institutional investors own 18.07% of the company’s stock.

About Sachem Capital

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.