Sachem Capital (NYSEAMERICAN:SACH) Trading Up 3.4% - Time to Buy?

Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report)'s stock 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 changed hands 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.

Analyst Ratings Changes

SACH has been the topic of several research analyst reports. Alliance Global Partners reiterated a "neutral" rating on shares of Sachem Capital in a report on Friday, March 28th. Industrial Alliance Securities set a $1.25 price objective on Sachem Capital in a report on Friday, March 28th. Finally, LADENBURG THALM/SH SH reiterated a "neutral" rating on shares of Sachem Capital in a report on Thursday, April 3rd.

Sachem Capital Trading Up 3.4%

The company has a 50-day moving average price of $1.04 and a 200-day moving average price of $1.21. The firm has a market capitalization of $58.19 million, a price-to-earnings ratio of -1.22, a PEG 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.

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.05 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 16.26%. Sachem Capital's dividend payout ratio (DPR) is presently -105.26%.

Institutional Trading of Sachem Capital

A number of large investors have recently made changes to their positions in the company. Melia Wealth LLC boosted 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 period. Geode Capital Management LLC grew its stake 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. US Financial Advisors LLC grew its stake in shares of Sachem Capital by 4.1% in the 1st quarter. US Financial Advisors LLC now owns 451,570 shares of the company's stock valued at $524,000 after purchasing an additional 17,677 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Sachem Capital in the 4th quarter valued at approximately $315,000. Finally, Renaissance Technologies LLC grew its stake 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. 18.07% of the stock is owned by institutional investors and hedge funds.

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.