Sachem Capital (NYSEAMERICAN:SACH) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Sachem Capital Corp. (NYSEAMERICAN:SACH) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.94 and traded as low as $0.82. Sachem Capital shares last traded at $0.8459, with a volume of 122,675 shares.

Sachem Capital Stock Up 1.5%

The company has a market capitalization of $40.57 million, a P/E ratio of -8.46 and a beta of 1.16. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $0.94 and its 200 day moving average is $1.01.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly 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 return on equity of 0.39% and a negative net margin of 1.54%.The firm 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 declared 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 4.7%. The ex-dividend date was Monday, June 15th. Sachem Capital’s payout ratio is currently -21.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Sachem Capital by 227.3% during the 1st quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock worth $152,000 after acquiring an additional 104,247 shares during the period. GatePass Capital LLC lifted its stake in shares of Sachem Capital by 37.6% in the 4th quarter. GatePass Capital LLC now owns 199,500 shares of the company’s stock valued at $207,000 after purchasing an additional 54,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Sachem Capital by 1.7% in 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. Napier Financial LLC bought a new stake in shares of Sachem Capital during the fourth quarter valued at approximately $38,000. Finally, Virtu Financial LLC bought a new stake in shares of Sachem Capital during the third quarter valued at approximately $37,000. Institutional investors own 18.07% of the company’s stock.

Sachem Capital Company Profile

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.