B. Riley Financial Inc. acquired a new stake in Sachem Capital Corp (NYSEAMERICAN:SACH) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 704,469 shares of the company’s stock, valued at approximately $2,776,000. Sachem Capital comprises 0.7% of B. Riley Financial Inc.’s investment portfolio, making the stock its 24th biggest position.
Separately, Victory Capital Management Inc. purchased a new position in shares of Sachem Capital in the fourth quarter valued at about $221,000.
Sachem Capital Corp (NYSEAMERICAN SACH) opened at $3.59 on Wednesday. Sachem Capital Corp has a 52-week low of $3.50 and a 52-week high of $5.35. The stock has a market cap of $54.75 and a PE ratio of 9.62.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 11.70%. The ex-dividend date is Thursday, February 15th. Sachem Capital’s dividend payout ratio is currently 113.51%.
Sachem Capital Company Profile
Sachem Capital Corp. is a real estate finance company. The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. The loan is also personally guaranteed by the principals of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor’s interest in the borrower.
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