Sachem Capital (NYSEAMERICAN:SACH) Trading 3.4% Higher - Still a Buy?

Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report)'s share price was up 3.4% during trading on Friday . The company traded as high as $1.24 and last traded at $1.23. Approximately 151,953 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 361,414 shares. The stock had previously closed at $1.19.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SACH shares. Industrial Alliance Securities set a $1.25 price target on shares of Sachem Capital in a research note on Friday, March 28th. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Sachem Capital in a research note on Thursday, April 3rd. Finally, Alliance Global Partners restated a "neutral" rating on shares of Sachem Capital in a research note on Friday, March 28th.

Sachem Capital Stock Performance

The firm has a market cap of $54.41 million, a price-to-earnings ratio of -1.14, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14. The stock's 50 day moving average is $1.05 and its 200 day moving average is $1.19. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.24.

Sachem Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 17.39%. The ex-dividend date of this dividend was Monday, June 16th. Sachem Capital's payout ratio is -105.26%.

Institutional Investors Weigh In On Sachem Capital

A number of large investors have recently bought and sold shares of the stock. StoneX Group Inc. acquired a new position in shares of Sachem Capital during the fourth quarter valued at about $35,000. Jane Street Group LLC raised its position in shares of Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company's stock valued at $55,000 after purchasing an additional 31,260 shares during the period. Vident Advisory LLC bought a new stake in shares of Sachem Capital in the fourth quarter valued at approximately $119,000. CFO4Life Group LLC raised its position in shares of Sachem Capital by 46.1% in the fourth 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 period. Finally, Renaissance Technologies LLC grew its stake in Sachem Capital by 113.9% during the fourth quarter. Renaissance Technologies LLC now owns 136,706 shares of the company's stock valued at $185,000 after acquiring an additional 72,806 shares in 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.