Melia Wealth LLC Makes New Investment in Sachem Capital Corp. $SACH

Melia Wealth LLC bought a new stake in Sachem Capital Corp. (NYSEAMERICAN:SACH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,806,935 shares of the company’s stock, valued at approximately $2,642,000. Sachem Capital accounts for about 1.5% of Melia Wealth LLC’s portfolio, making the stock its 13th largest position. Melia Wealth LLC owned about 0.06% of Sachem Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SACH. BlackRock Inc. acquired a new stake in shares of Sachem Capital during the second quarter worth about $547,000. Renaissance Technologies LLC grew its position in shares of Sachem Capital by 227.3% in the 1st quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock valued at $152,000 after purchasing an additional 104,247 shares during the period. GatePass Capital LLC grew its position 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. GSA Capital Partners LLP bought a new stake in Sachem Capital during the 2nd quarter worth approximately $39,000. Finally, Vanguard Group Inc. increased its stake in Sachem Capital by 1.7% during the 3rd 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 in the last quarter. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Stock Performance

Shares of SACH opened at $0.90 on Friday. The firm has a market cap of $43.16 million, a P/E ratio of -3.46 and a beta of 1.16. Sachem Capital Corp. has a twelve month low of $0.76 and a twelve month high of $1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50 day moving average price is $0.86 and its two-hundred day moving average price is $0.99.

Sachem Capital (NYSEAMERICAN:SACH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter. Sachem Capital had a negative return on equity of 4.70% and a negative net margin of 18.74%.The company had revenue of $3.03 million for the quarter, compared to the consensus estimate of $11.19 million.

Sachem Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 is -21.05%.

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.