JMP Securities Reiterates Market Perform Rating for Sachem Capital (NYSEAMERICAN:SACH)

Sachem Capital (NYSEAMERICAN:SACH - Get Free Report)'s stock had its "market perform" rating reissued by stock analysts at JMP Securities in a report released on Wednesday,Benzinga reports.

Several other research firms also recently commented on SACH. Industrial Alliance Securities set a $1.25 price objective on shares of Sachem Capital in a research note on Friday, March 28th. Alliance Global Partners reiterated a "neutral" rating on shares of Sachem Capital in a research report on Friday, March 28th. Finally, LADENBURG THALM/SH SH reiterated a "neutral" rating on shares of Sachem Capital in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sachem Capital presently has an average rating of "Hold" and an average price target of $1.92.

Sachem Capital Stock Down 1.2%

SACH stock traded down $0.02 during trading on Wednesday, hitting $1.29. 208,379 shares of the company's stock traded hands, compared to its average volume of 361,327. The firm has a market capitalization of $60.79 million, a P/E ratio of -1.27, a PEG ratio of 0.68 and a beta of 1.14. The business has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $1.18. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.24. Sachem Capital has a 1 year low of $0.80 and a 1 year high of $3.07.

Institutional Investors Weigh In On Sachem Capital

Hedge funds have recently added to or reduced their stakes in the business. CFO4Life Group LLC increased its position in shares of Sachem Capital by 46.1% in the 4th quarter. CFO4Life Group LLC now owns 116,640 shares of the company's stock valued at $157,000 after purchasing an additional 36,800 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of Sachem Capital in the 4th quarter valued at approximately $35,000. Geode Capital Management LLC increased its position in shares of Sachem Capital by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 551,476 shares of the company's stock valued at $745,000 after purchasing an additional 34,558 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Sachem Capital by 113.9% in the 4th quarter. Renaissance Technologies LLC now owns 136,706 shares of the company's stock valued at $185,000 after purchasing an additional 72,806 shares during the last quarter. Finally, Melia Wealth LLC increased its position in shares of Sachem Capital by 2.5% in the 4th quarter. Melia Wealth LLC now owns 3,414,184 shares of the company's stock valued at $4,609,000 after purchasing an additional 83,886 shares during the last quarter. 18.07% of the stock is currently owned by institutional investors and hedge funds.

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.