Sachem Capital (NYSEAMERICAN:SACH) Announces Quarterly Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) issued its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share for the quarter, FiscalAI reports. Sachem Capital had a negative return on equity of 0.39% and a negative net margin of 1.54%.The business had revenue of $3.03 million during the quarter, compared to the consensus estimate of $11.19 million.

Sachem Capital Trading Down 1.8%

SACH stock traded down $0.02 during trading on Thursday, reaching $0.83. The company had a trading volume of 58,630 shares, compared to its average volume of 280,194. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. Sachem Capital has a 52 week low of $0.77 and a 52 week high of $1.45. The business has a 50 day moving average of $0.94 and a 200 day moving average of $1.01. The company has a market cap of $39.84 million, a P/E ratio of -8.31 and a beta of 1.16.

Sachem Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid 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 Monday, June 15th. Sachem Capital’s dividend payout ratio is presently -21.05%.

Institutional Investors Weigh In On Sachem Capital

Several hedge funds have recently made changes to their positions in SACH. Vanguard Group Inc. boosted its position in shares of 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. Virtu Financial LLC bought a new position in shares of Sachem Capital in the 3rd quarter valued at about $37,000. Jane Street Group LLC boosted its holdings 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. Renaissance Technologies LLC boosted its stake 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 buying an additional 21,862 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of Sachem Capital by 12.3% in the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock valued at $148,000 after acquiring an additional 14,619 shares during the period. 18.07% of the stock is currently owned by institutional investors.

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.