Sachem Capital Corp. (NYSEAMERICAN:SACH – Get Free Report) shares fell 2.6% during trading on Tuesday . The stock traded as low as $0.9151 and last traded at $0.9166. Approximately 170,710 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 179,971 shares. The stock had previously closed at $0.9415.
Sachem Capital Price Performance
The business has a 50-day moving average of $1.06 and a 200 day moving average of $1.04. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $42.40 million, a P/E ratio of -8.84 and a beta of 1.15.
Sachem Capital (NYSEAMERICAN:SACH – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.17). The firm had revenue of $5.10 million during the quarter, compared to the consensus estimate of $9.43 million. Sachem Capital had a negative return on equity of 0.39% and a negative net margin of 1.54%.
Sachem Capital Cuts Dividend
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SACH. Vanguard Group Inc. raised its holdings in shares of Sachem Capital by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock worth $2,608,000 after acquiring an additional 40,159 shares during the last quarter. GatePass Capital LLC lifted its holdings in shares of Sachem Capital by 37.6% in the fourth quarter. GatePass Capital LLC now owns 199,500 shares of the company’s stock valued at $207,000 after purchasing an additional 54,500 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sachem Capital by 227.3% during the first quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock valued at $152,000 after buying an additional 104,247 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Sachem Capital by 12.3% during the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after buying an additional 14,619 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Sachem Capital by 193.8% during the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after buying an additional 31,260 shares in the last quarter. 18.07% of the stock is owned by institutional investors.
About Sachem Capital
Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.
The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.
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