Bard Associates Inc. Decreases Stock Holdings in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Bard Associates Inc. lowered its position in Sachem Capital Corp. (NYSEAMERICAN:SACH) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 574,825 shares of the company’s stock after selling 41,168 shares during the period. Bard Associates Inc.’s holdings in Sachem Capital were worth $1,449,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sachem Capital during the 2nd quarter worth about $831,000. Marshall Wace LLP purchased a new position in shares of Sachem Capital during the 2nd quarter valued at approximately $334,000. Teamwork Financial Advisors LLC grew its stake in Sachem Capital by 78.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 74,551 shares of the company’s stock valued at $188,000 after acquiring an additional 32,757 shares during the period. Brookstone Capital Management purchased a new stake in Sachem Capital in the 2nd quarter worth $46,000. Finally, TIAA Trust National Association raised its position in Sachem Capital by 43.9% during the first quarter. TIAA Trust National Association now owns 47,500 shares of the company’s stock worth $212,000 after acquiring an additional 14,500 shares during the period. Institutional investors own 18.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Alliance Global Partners cut shares of Sachem Capital from a “buy” rating to a “neutral” rating in a research note on Friday. Oppenheimer dropped their price target on Sachem Capital from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

Sachem Capital Price Performance

SACH opened at $1.81 on Friday. The business’s fifty day moving average is $3.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.78 and a quick ratio of 1.78. Sachem Capital Corp. has a 12 month low of $1.74 and a 12 month high of $4.64. The firm has a market cap of $85.85 million, a PE ratio of 30.17, a price-to-earnings-growth ratio of 0.24 and a beta of 1.73.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.20). The company had revenue of $15.15 million during the quarter, compared to analysts’ expectations of $16.14 million. Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. On average, research analysts anticipate that Sachem Capital Corp. will post 0.17 earnings per share for the current year.

Sachem Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 11.05%. Sachem Capital’s dividend payout ratio (DPR) is 533.42%.

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.