Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report)'s share price traded up 3.4% during trading on Friday . The stock traded as high as $1.24 and last traded at $1.23. 151,953 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 361,414 shares. The stock had previously closed at $1.19.
Analysts Set New Price Targets
Several research analysts have commented on SACH shares. LADENBURG THALM/SH SH reaffirmed a "neutral" rating on shares of Sachem Capital in a report 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 target price on Sachem Capital in a report on Friday, March 28th.
Get Our Latest Research Report on SACH
Sachem Capital Price Performance
The company has a market capitalization of $56.54 million, a price-to-earnings ratio of -1.18, a P/E/G ratio of 0.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.73 and a current ratio of 1.73. The business has a 50 day moving average price of $1.04 and a 200-day moving average price of $1.20.
Sachem Capital Announces Dividend
The company 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. The ex-dividend date was Monday, June 16th. This represents a $0.20 annualized dividend and a yield of 16.74%. Sachem Capital's payout ratio is currently -105.26%.
Institutional Investors Weigh In On Sachem Capital
Hedge funds and other institutional investors have recently made changes to their positions in the business. CFO4Life Group LLC boosted its position in shares of Sachem Capital by 46.1% during the fourth quarter. CFO4Life Group LLC now owns 116,640 shares of the company's stock valued at $157,000 after buying an additional 36,800 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Sachem Capital during the fourth quarter valued at approximately $35,000. Geode Capital Management LLC boosted its position in shares of Sachem Capital by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 551,476 shares of the company's stock valued at $745,000 after buying an additional 34,558 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 buying an additional 72,806 shares during the last quarter. Finally, Melia Wealth LLC boosted its position in shares of Sachem Capital by 2.5% during the fourth quarter. Melia Wealth LLC now owns 3,414,184 shares of the company's stock valued at $4,609,000 after buying an additional 83,886 shares during the last quarter. 18.07% of the stock is owned by institutional investors.
Sachem Capital Company Profile
(
Get Free Report)
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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