Sachem Capital (NYSEAMERICAN:SACH) Stock Price Up 0.4% – What’s Next?

Sachem Capital Corp. (NYSEAMERICAN:SACH) rose 0.4% on Friday . The stock traded as high as $1.0268 and last traded at $1.00. Approximately 133,949 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 259,386 shares. The stock had previously closed at $0.9956.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Capital One Financial set a $1.20 price objective on shares of Sachem Capital in a research report on Tuesday, October 28th. Oppenheimer reduced their price target on Sachem Capital from $2.50 to $2.00 and set an “outperform” rating for the company in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sachem Capital presently has a consensus rating of “Hold” and an average price target of $1.48.

Sachem Capital Trading Up 0.4%

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average is $1.05 and its 200 day moving average is $1.13. The firm has a market cap of $47.69 million, a PE ratio of -1.30 and a beta of 1.22.

Sachem Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 20.0%. The ex-dividend date is Monday, December 15th. Sachem Capital’s dividend payout ratio (DPR) is -105.26%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SACH. Susquehanna International Group LLP lifted its position in Sachem Capital by 12.3% in the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after purchasing an additional 14,619 shares during the period. Jane Street Group LLC grew its stake in shares of Sachem Capital by 193.8% during the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock valued at $55,000 after purchasing an additional 31,260 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Sachem Capital in the 3rd quarter valued at $37,000. Vanguard Group Inc. increased its position in Sachem Capital by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock worth $2,608,000 after purchasing an additional 40,159 shares during the period. Finally, Cox Capital Mgt LLC lifted its position in Sachem Capital by 93.2% during the 2nd quarter. Cox Capital Mgt LLC now owns 1,122,368 shares of the company’s stock valued at $1,347,000 after purchasing an additional 541,301 shares during the period. 18.07% of the stock is currently owned by institutional investors and hedge funds.

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.