B. Riley Financial Inc. lowered its stake in shares of Sachem Capital Corp (NYSEAMERICAN:SACH) by 24.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,445 shares of the company’s stock after selling 161,147 shares during the quarter. Sachem Capital makes up approximately 0.6% of B. Riley Financial Inc.’s holdings, making the stock its 29th largest position. B. Riley Financial Inc. owned approximately 3.30% of Sachem Capital worth $2,124,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Sachem Capital by 1,802.7% during the 2nd quarter. BlackRock Inc. now owns 34,039 shares of the company’s stock worth $140,000 after acquiring an additional 32,250 shares during the period. Cox Capital Co LLC acquired a new position in Sachem Capital during the 2nd quarter worth $322,000. Renaissance Technologies LLC boosted its position in Sachem Capital by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 69,200 shares of the company’s stock worth $284,000 after acquiring an additional 31,200 shares during the period. Bank of America Corp DE acquired a new position in Sachem Capital during the 2nd quarter worth $137,000. Finally, Bard Associates Inc. boosted its position in Sachem Capital by 5.7% during the 2nd quarter. Bard Associates Inc. now owns 647,118 shares of the company’s stock worth $2,653,000 after acquiring an additional 35,100 shares during the period.
Shares of SACH stock opened at $3.94 on Tuesday. Sachem Capital Corp has a 1 year low of $3.30 and a 1 year high of $4.55.
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About Sachem Capital
Sachem Capital Corp. operates as a real estate finance company. The company engages 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. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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