Geode Capital Management LLC Has $745,000 Stock Position in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Geode Capital Management LLC boosted its holdings in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,476 shares of the company’s stock after buying an additional 34,558 shares during the period. Geode Capital Management LLC owned about 1.17% of Sachem Capital worth $745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SACH. Barclays PLC bought a new position in shares of Sachem Capital in the third quarter valued at approximately $109,000. Virtu Financial LLC bought a new position in Sachem Capital in the 3rd quarter valued at $60,000. Cox Capital Mgt LLC acquired a new position in Sachem Capital in the fourth quarter worth $812,000. CFO4Life Group LLC grew its holdings in shares of Sachem Capital by 46.1% during the fourth quarter. CFO4Life Group LLC now owns 116,640 shares of the company’s stock worth $157,000 after purchasing an additional 36,800 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of Sachem Capital in the fourth quarter valued at $35,000. Institutional investors own 18.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SACH. LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of Sachem Capital in a research report on Thursday, April 3rd. Alliance Global Partners reiterated a “neutral” rating on shares of Sachem Capital in a research report on Friday, March 28th. Finally, Industrial Alliance Securities set a $1.25 target price on Sachem Capital in a research note on Friday, March 28th.

Sachem Capital Trading Down 1.9 %

Shares of NYSEAMERICAN SACH opened at $1.01 on Friday. Sachem Capital Corp. has a fifty-two week low of $0.96 and a fifty-two week high of $3.25. The firm has a market capitalization of $47.44 million, a P/E ratio of -5.32, a P/E/G ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79. The company’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.52.

Sachem Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 19.80%. The ex-dividend date of this dividend was Monday, March 17th. Sachem Capital’s dividend payout ratio (DPR) is currently -105.26%.

Sachem Capital Company Profile

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.