Sachem Capital (NYSEAMERICAN:SACH) Announces Quarterly Earnings Results

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 $0.03 by ($0.18), FiscalAI reports. The company had revenue of $5.10 million for the quarter, compared to the consensus estimate of $8.26 million. Sachem Capital had a net margin of 14.05% and a return on equity of 3.56%.

Sachem Capital Trading Down 13.0%

NYSEAMERICAN:SACH opened at $1.20 on Wednesday. The company has a fifty day moving average of $1.04 and a 200 day moving average of $1.04. Sachem Capital has a 52 week low of $0.80 and a 52 week high of $1.45. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $57.56 million, a P/E ratio of 24.00 and a beta of 1.07.

Sachem Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Sunday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 16.7%. The ex-dividend date was Friday, March 13th. Sachem Capital’s dividend payout ratio is currently -105.26%.

Institutional Investors Weigh In On Sachem Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Sachem Capital by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock valued at $2,608,000 after purchasing an additional 40,159 shares during the period. Susquehanna International Group LLP grew its position in shares of Sachem Capital by 12.3% in the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after buying an additional 14,619 shares during the period. Jane Street Group LLC grew 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 buying an additional 31,260 shares during the period. Renaissance Technologies LLC boosted its stake in Sachem Capital by 91.1% in 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 in the last quarter. Finally, Virtu Financial LLC bought a new position in Sachem Capital in the 3rd quarter worth about $37,000. 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.