Sachem Capital (NYSEAMERICAN:SACH) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Sachem Capital Corp. (NYSEAMERICAN:SACH) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.03 and traded as high as $1.07. Sachem Capital shares last traded at $1.03, with a volume of 70,688 shares changing hands.

Sachem Capital Stock Down 1.9%

The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $49.41 million, a P/E ratio of 20.60 and a beta of 1.07. The business has a 50-day moving average price of $1.03 and a 200 day moving average price of $1.04.

Sachem Capital (NYSEAMERICAN:SACH) last posted its earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter. The firm had revenue of $9.98 million during the quarter, compared to the consensus estimate of $12.18 million. Sachem Capital had a return on equity of 3.56% and a net margin of 14.05%.

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Sunday, March 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 19.4%. The ex-dividend date was Friday, March 13th. Sachem Capital’s dividend payout ratio is currently -105.26%.

Institutional Trading of Sachem Capital

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in Sachem Capital in the third quarter worth $37,000. Napier Financial LLC bought a new stake in Sachem Capital in the fourth quarter worth $38,000. Renaissance Technologies LLC lifted its position in Sachem Capital by 91.1% in the fourth quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after buying an additional 21,862 shares during the last quarter. Jane Street Group LLC lifted its position in Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after buying an additional 31,260 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in 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. 18.07% of the stock is currently owned by institutional investors.

About Sachem Capital

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.