Sachem Capital (NYSEAMERICAN:SACH) Stock Price Down 0.4% – Should You Sell?

Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) were down 0.4% during trading on Thursday. The stock traded as low as $0.8072 and last traded at $0.8249. 126,469 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 107,234 shares. The stock had previously closed at $0.8282.

Sachem Capital Stock Performance

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’s fifty day moving average price is $0.88 and its 200 day moving average price is $0.95. The company has a market cap of $39.56 million, a PE ratio of -3.17 and a beta of 1.28.

Sachem Capital (NYSEAMERICAN:SACH) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $3.03 million for the quarter, compared to analysts’ expectations 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 4.8%. Sachem Capital’s dividend payout ratio is currently -21.05%.

Institutional Trading of Sachem Capital

Hedge funds have recently bought and sold shares of the business. Melia Wealth LLC purchased a new stake in shares of Sachem Capital during the 2nd quarter valued at $2,642,000. BlackRock Inc. bought a new stake in shares of Sachem Capital during the 2nd quarter worth $547,000. KFA Private Wealth Group LLC bought a new stake in shares of Sachem Capital during the 3rd quarter worth $56,000. GSA Capital Partners LLP purchased a new position in shares of Sachem Capital in the 2nd quarter worth about $39,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sachem Capital by 227.3% in the 1st 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 last quarter. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Company Profile

Sachem Capital Corp. is a real estate finance company and mortgage real estate investment trust (REIT) that originates, underwrites, funds, services and manages a portfolio of mortgage loans. The company primarily provides short-term, asset-based financing to real estate investors and developers.

Its loans are generally secured by first-priority mortgages on residential and commercial properties. Borrowers commonly use the financing to acquire, renovate, develop or refinance investment properties, including projects that may not qualify for conventional bank lending.