Sachem Capital (NYSEAMERICAN:SACH) Stock Price Up 1.3% – Should You Buy?

Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) shot up 1.3% during trading on Tuesday. The stock traded as high as $0.9499 and last traded at $0.9144. Approximately 214,325 shares changed hands during trading, an increase of 28% from the average daily volume of 167,253 shares. The stock had previously closed at $0.9025.

Sachem Capital Stock Performance

The company has a market cap of $43.40 million, a PE ratio of -3.48 and a beta of 1.18. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $0.87 and its two-hundred day simple moving average is $0.97.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $3.03 million for the quarter, compared to analysts’ expectations of $11.19 million. Sachem Capital had a negative net margin of 18.74% and a negative return on equity of 4.70%.

Sachem Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 15th. Sachem Capital’s dividend payout ratio (DPR) is presently -21.05%.

Institutional Investors Weigh In On Sachem Capital

A number of large investors have recently added to or reduced their stakes in SACH. Napier Financial LLC bought a new stake in shares of Sachem Capital in the 4th quarter worth approximately $38,000. GSA Capital Partners LLP acquired a new stake in Sachem Capital in the second quarter worth $39,000. Renaissance Technologies LLC increased its position in Sachem Capital by 227.3% in the first quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock worth $152,000 after buying an additional 104,247 shares during the period. BlackRock Inc. bought a new stake in Sachem Capital in the second quarter valued at $547,000. Finally, Melia Wealth LLC bought a new stake in Sachem Capital in the second quarter valued at $2,642,000. 18.07% of the stock is owned by institutional investors and hedge funds.

About Sachem Capital

Sachem Capital Corp. (NYSE American: SACH) is a real estate finance company organized as a mortgage real estate investment trust. The company originates, underwrites, funds and services short-term mortgage loans secured primarily by first mortgage liens on residential and commercial real estate.

Its lending activities are focused on real estate investors, developers and other property owners seeking financing for acquisitions, renovations, construction, refinancing and other property-related purposes.