Sachem Capital (NYSEAMERICAN:SACH) Shares Down 0.4% – Should You Sell?

Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) dropped 0.4% during trading on Thursday. The stock traded as low as $0.8072 and last traded at $0.8249. Approximately 126,469 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 107,234 shares. The stock had previously closed at $0.8282.

Sachem Capital Stock Performance

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 market cap of $39.56 million, a PE ratio of -3.17 and a beta of 1.28. The company’s 50 day moving average price is $0.88 and its 200-day moving average price is $0.95.

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

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Sachem Capital’s dividend payout ratio (DPR) is currently -21.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SACH. KFA Private Wealth Group LLC purchased a new position in shares of Sachem Capital during the 3rd quarter valued at $56,000. Melia Wealth LLC purchased a new stake in Sachem Capital during the second quarter valued at about $2,642,000. BlackRock Inc. purchased a new stake in Sachem Capital during the second quarter valued at about $547,000. GSA Capital Partners LLP purchased a new stake in Sachem Capital during the second quarter valued at about $39,000. Finally, Renaissance Technologies LLC boosted its position in Sachem Capital by 227.3% during the first quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock worth $152,000 after purchasing an additional 104,247 shares during the period. Hedge funds and other institutional investors own 18.07% of the company’s stock.

About Sachem Capital

Sachem Capital Corp. is a real estate finance company and mortgage real estate investment trust (REIT) that originates, underwrites, funds, services and manages a portfolio of mortgage loans. The company primarily provides short-term, asset-based financing to real estate investors and developers.

Its loans are generally secured by first-priority mortgages on residential and commercial properties. Borrowers commonly use the financing to acquire, renovate, develop or refinance investment properties, including projects that may not qualify for conventional bank lending.