One Charles Private Wealth Services LLC Makes New $97,000 Investment in Sachem Capital Corp. (NYSEAMERICAN:SACH)

One Charles Private Wealth Services LLC purchased a new position in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,621 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SACH. JB Capital LLC increased its position in shares of Sachem Capital by 32.7% during the 3rd quarter. JB Capital LLC now owns 20,301 shares of the company’s stock worth $51,000 after purchasing an additional 5,006 shares during the last quarter. US Financial Advisors LLC boosted its stake in Sachem Capital by 3.0% during the third quarter. US Financial Advisors LLC now owns 423,578 shares of the company’s stock worth $1,067,000 after buying an additional 12,428 shares during the period. Teamwork Financial Advisors LLC increased its position in shares of Sachem Capital by 78.4% during the third 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 last quarter. Marshall Wace LLP acquired a new stake in shares of Sachem Capital during the second quarter valued at about $334,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sachem Capital in the 2nd quarter valued at approximately $831,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer dropped their target price on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Alliance Global Partners cut Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research note on Friday, November 15th.

Sachem Capital Stock Performance

Shares of NYSEAMERICAN SACH opened at $1.59 on Friday. The business’s 50-day moving average is $3.35. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. Sachem Capital Corp. has a 1-year low of $1.44 and a 1-year high of $4.64.

Sachem Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 12.58%. Sachem Capital’s dividend payout ratio (DPR) is -105.26%.

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.