Sachem Capital (NYSEAMERICAN:SACH) Share Price Passes Above 50-Day Moving Average – Here’s Why

Sachem Capital Corp. (NYSEAMERICAN:SACH)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.03 and traded as high as $1.07. Sachem Capital shares last traded at $1.03, with a volume of 70,688 shares traded.

Sachem Capital Stock Performance

The firm has a market capitalization of $49.41 million, a P/E ratio of 20.60 and a beta of 1.07. The firm has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.53 and a quick ratio of 1.53.

Sachem Capital (NYSEAMERICAN:SACH) last released its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter. Sachem Capital had a return on equity of 3.56% and a net margin of 14.05%.The business had revenue of $9.98 million during the quarter, compared to the consensus estimate of $12.18 million.

Sachem Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Sunday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 19.4%. Sachem Capital’s dividend payout ratio (DPR) is currently -105.26%.

Hedge Funds Weigh In On Sachem Capital

Several institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP increased its stake in shares of Sachem Capital by 12.3% during the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock valued at $148,000 after buying an additional 14,619 shares during the period. Renaissance Technologies LLC increased its stake in shares of Sachem Capital by 91.1% during the fourth quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock valued at $48,000 after buying an additional 21,862 shares during the period. Jane Street Group LLC increased its stake in shares of Sachem Capital by 193.8% during the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock valued at $55,000 after buying an additional 31,260 shares during the period. Virtu Financial LLC purchased a new position in shares of Sachem Capital during the third quarter valued at $37,000. Finally, Napier Financial LLC purchased a new position in shares of Sachem Capital during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

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.