Sachem Capital (NYSEAMERICAN:SACH) Shares Up 5.2%

Sachem Capital Corp. (NYSEAMERICAN:SACH) traded up 5.2% during trading on Thursday . The company traded as high as $2.61 and last traded at $2.61. 303,046 shares were traded during trading, a decline of 10% from the average session volume of 336,780 shares. The stock had previously closed at $2.48.

Analyst Ratings Changes

Separately, Oppenheimer reduced their price target on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sachem Capital Stock Up 5.2 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $123.79 million, a PE ratio of 10.04, a P/E/G ratio of 0.31 and a beta of 1.73. The company has a fifty day moving average of $3.55.

Sachem Capital (NYSEAMERICAN:SACH) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.20). Sachem Capital had a return on equity of 2.45% and a net margin of 8.56%. The firm had revenue of $15.15 million during the quarter, compared to the consensus estimate of $16.14 million. Sell-side analysts predict that Sachem Capital Corp. will post 0.17 earnings per share for the current year.

Sachem Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 6th. Investors of record on Monday, July 29th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date of this dividend was Monday, July 29th. Sachem Capital’s payout ratio is 123.08%.

Institutional Trading of Sachem Capital

Large investors have recently added to or reduced their stakes in the stock. Melia Wealth LLC bought a new stake in Sachem Capital in the first quarter valued at $10,046,000. Jump Financial LLC boosted its holdings in Sachem Capital by 112.2% in the fourth quarter. Jump Financial LLC now owns 75,628 shares of the company’s stock valued at $283,000 after acquiring an additional 39,984 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Sachem Capital in the fourth quarter valued at $78,000. Hartline Investment Corp bought a new stake in shares of Sachem Capital during the 1st quarter valued at $85,000. Finally, Brookstone Capital Management bought a new stake in shares of Sachem Capital during the 2nd quarter valued at $46,000. Institutional investors own 18.07% of the company’s stock.

Sachem Capital Company Profile

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.