Sachem Capital (NYSEAMERICAN:SACH) Announces Quarterly Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) issued its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $3.03 million during the quarter, compared to analysts’ expectations of $11.19 million. Sachem Capital had a negative return on equity of 4.61% and a negative net margin of 18.74%.

Sachem Capital Stock Performance

SACH traded down $0.02 during midday trading on Thursday, hitting $0.83. 58,630 shares of the company traded hands, compared to its average volume of 129,735. Sachem Capital has a 52 week low of $0.77 and a 52 week high of $1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50-day moving average is $0.93 and its 200 day moving average is $1.01.

Sachem Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.04 annualized dividend and a yield of 4.8%. Sachem Capital’s dividend payout ratio is -21.05%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SACH. Susquehanna International Group LLP lifted its holdings 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 acquiring an additional 14,619 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Sachem Capital by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock valued at $2,608,000 after acquiring an additional 40,159 shares in the last quarter. Jane Street Group LLC lifted 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 purchasing an additional 31,260 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Sachem Capital by 91.1% in the 4th quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock valued at $48,000 after acquiring an additional 21,862 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Sachem Capital during the third quarter valued at approximately $37,000. 18.07% of the stock is owned by hedge funds and other 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.