Sachem Capital (NYSEAMERICAN:SACH) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.86 and traded as low as $0.78. Sachem Capital shares last traded at $0.8268, with a volume of 259,561 shares traded.

Sachem Capital Stock Performance

The company has a market cap of $39.65 million, a price-to-earnings ratio of -3.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $0.86 and a two-hundred day moving average of $0.99.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $3.03 million for the quarter, compared to analyst estimates of $11.19 million. Sachem Capital had a negative net margin of 18.74% and a negative return on equity of 4.70%.

Sachem Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, June 15th. Sachem Capital’s payout ratio is -21.05%.

Hedge Funds Weigh In On Sachem Capital

A number of hedge funds have recently made changes to their positions in SACH. Virtu Financial LLC acquired a new position in shares of Sachem Capital in the third quarter worth approximately $37,000. Napier Financial LLC acquired a new stake in Sachem Capital during the 4th quarter valued at approximately $38,000. GSA Capital Partners LLP bought a new position in Sachem Capital during the 2nd quarter worth approximately $39,000. Renaissance Technologies LLC raised its holdings in Sachem Capital by 91.1% during the 4th quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after purchasing an additional 21,862 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Sachem Capital by 193.8% in the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after purchasing an additional 31,260 shares during the period. 18.07% of the stock is currently 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.