Sachem Capital (NYSEAMERICAN:SACH - Get Free Report)'s stock had its "market perform" rating restated by research analysts at JMP Securities in a research note issued to investors on Wednesday,Benzinga reports.
Other analysts also recently issued reports about the company. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Sachem Capital in a research note on Thursday, April 3rd. Alliance Global Partners reaffirmed a "neutral" rating on shares of Sachem Capital in a report on Friday, March 28th. Finally, Industrial Alliance Securities set a $1.25 price target on Sachem Capital in a report on Friday, March 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1.92.
View Our Latest Report on SACH
Sachem Capital Price Performance
NYSEAMERICAN:SACH remained flat at $1.29 during mid-day trading on Wednesday. The company had a trading volume of 116,575 shares, compared to its average volume of 360,392. The company has a 50-day moving average of $1.07 and a 200 day moving average of $1.17. The firm has a market capitalization of $61.03 million, a PE ratio of -1.28, a P/E/G ratio of 0.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.73 and a quick ratio of 1.73. Sachem Capital has a 12-month low of $0.80 and a 12-month high of $3.07.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Sachem Capital by 113.9% during the 4th quarter. Renaissance Technologies LLC now owns 136,706 shares of the company's stock worth $185,000 after buying an additional 72,806 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Sachem Capital by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 551,476 shares of the company's stock worth $745,000 after buying an additional 34,558 shares during the last quarter. StoneX Group Inc. bought a new position in Sachem Capital during the 4th quarter worth approximately $35,000. Ancora Advisors LLC bought a new position in Sachem Capital during the 4th quarter worth approximately $315,000. Finally, Melia Wealth LLC lifted its holdings in Sachem Capital by 2.5% during the 4th quarter. Melia Wealth LLC now owns 3,414,184 shares of the company's stock worth $4,609,000 after buying an additional 83,886 shares during the last quarter. Hedge funds and other institutional investors own 18.07% of the company's stock.
Sachem Capital Company Profile
(
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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.
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