Sachem Capital (NYSEAMERICAN:SACH) Trading Down 2.6% – Time to Sell?

Sachem Capital Corp. (NYSEAMERICAN:SACH)’s share price traded down 2.6% during mid-day trading on Tuesday . The company traded as low as $0.9151 and last traded at $0.9166. Approximately 170,710 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 179,971 shares. The stock had previously closed at $0.9415.

Sachem Capital Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $43.96 million, a PE ratio of -9.17 and a beta of 1.15. The stock’s 50-day moving average is $1.06 and its two-hundred day moving average is $1.04.

Sachem Capital (NYSEAMERICAN:SACH) last announced its earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.39%. The firm had revenue of $5.10 million during the quarter, compared to analysts’ expectations of $9.43 million.

Sachem Capital Cuts Dividend

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

Institutional Trading of Sachem Capital

Hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its holdings 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 purchasing an additional 14,619 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of 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 acquiring an additional 21,862 shares during the period. Jane Street Group LLC raised its stake in shares of Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock valued at $55,000 after acquiring an additional 31,260 shares in the last quarter. Virtu Financial LLC acquired a new position in Sachem Capital during the 3rd quarter worth $37,000. Finally, Napier Financial LLC purchased a new stake in Sachem Capital during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

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.