Sachem Capital Corp. (NYSEAMERICAN:SACH) Short Interest Update

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 91,695 shares, a decrease of 34.4% from the May 14th total of 139,702 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,140,875 shares, the days-to-cover ratio is presently 0.0 days.

Sachem Capital Stock Up 0.3%

Shares of NYSEAMERICAN SACH traded up $0.00 during trading on Wednesday, reaching $0.98. The company had a trading volume of 118,971 shares, compared to its average volume of 320,350. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. Sachem Capital has a 12-month low of $0.90 and a 12-month high of $1.45. The stock has a market cap of $46.86 million, a PE ratio of -9.77 and a beta of 1.12. The business’s 50-day moving average is $1.09 and its 200 day moving average is $1.06.

Sachem Capital (NYSEAMERICAN:SACH) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). Sachem Capital had a negative return on equity of 0.39% and a negative net margin of 1.54%.The business had revenue of $5.10 million during the quarter, compared to the consensus estimate of $9.43 million.

Sachem Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, June 15th. Sachem Capital’s dividend payout ratio (DPR) is presently -21.05%.

Institutional Investors Weigh In On Sachem Capital

Several large investors have recently bought and sold shares of the business. Susquehanna International Group LLP increased its holdings in 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 in the last quarter. Renaissance Technologies LLC boosted its position in Sachem Capital by 91.1% in the fourth quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after purchasing an additional 21,862 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Sachem Capital by 193.8% during the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock valued at $55,000 after purchasing an additional 31,260 shares during the period. Virtu Financial LLC purchased a new position in shares of Sachem Capital during the 3rd quarter valued at about $37,000. Finally, Napier Financial LLC purchased a new position in shares of Sachem Capital during the 4th quarter valued at about $38,000. 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.