Sachem Capital (NYSEAMERICAN:SACH) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Sachem Capital (NYSEAMERICAN:SACH) announced its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.17), FiscalAI reports. Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.38%. The company had revenue of $5.10 million during the quarter, compared to analyst estimates of $9.43 million.

Sachem Capital Stock Up 11.6%

Shares of NYSEAMERICAN SACH opened at $1.35 on Friday. The company’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.05. Sachem Capital has a 52-week low of $0.90 and a 52-week high of $1.45. The firm has a market cap of $64.76 million, a price-to-earnings ratio of -13.50 and a beta of 1.07. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.01.

Sachem Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Sunday, March 15th were given a $0.05 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 14.8%. Sachem Capital’s dividend payout ratio (DPR) is -105.26%.

Hedge Funds Weigh In On Sachem Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Sachem Capital during the third quarter worth about $37,000. Renaissance Technologies LLC boosted its position in Sachem Capital by 91.1% during the fourth quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after acquiring an additional 21,862 shares during the last quarter. Jane Street Group LLC boosted its position 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 acquiring an additional 31,260 shares during the last quarter. Susquehanna International Group LLP boosted its position 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 acquiring an additional 14,619 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Sachem Capital by 1.7% during the third 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. 18.07% of the stock is currently owned by institutional investors and hedge funds.

Sachem Capital Company Profile

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.