Sachem Capital (NYSEAMERICAN:SACH) Posts Quarterly Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) released its earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $3.03 million during the quarter, compared to the consensus estimate of $11.19 million. Sachem Capital had a negative net margin of 18.74% and a negative return on equity of 4.61%.

Sachem Capital Stock Performance

Shares of SACH traded down $0.02 during midday trading on Thursday, reaching $0.83. The stock had a trading volume of 58,630 shares, compared to its average volume of 129,735. The firm has a market cap of $39.84 million, a PE ratio of -3.19 and a beta of 1.16. The firm has a 50 day simple moving average of $0.93 and a 200-day simple moving average of $1.01. Sachem Capital has a one year low of $0.77 and a one year high of $1.45. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

Sachem Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, June 15th. Sachem Capital’s dividend payout ratio (DPR) is -21.05%.

Institutional Investors Weigh In On Sachem Capital

Several hedge funds have recently bought and sold shares of SACH. Susquehanna International Group LLP grew its holdings in Sachem Capital by 12.3% during 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. Vanguard Group Inc. raised its stake in Sachem Capital by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock valued at $2,608,000 after buying an additional 40,159 shares during the period. Jane Street Group LLC lifted its position 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 buying an additional 31,260 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Sachem Capital by 91.1% in the fourth quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock valued at $48,000 after buying an additional 21,862 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Sachem Capital during the 3rd quarter worth approximately $37,000. 18.07% of the stock is currently owned by institutional investors and hedge funds.

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.