Sachem Capital Corp. (SACH) To Go Ex-Dividend on September 15th

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.01 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Sachem Capital has a dividend payout ratio of 222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Sachem Capital Stock Up 1.4%

SACH opened at $0.90 on Friday. 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 company has a market capitalization of $42.92 million, a PE ratio of -3.44 and a beta of 1.18. The stock’s fifty day moving average is $0.85 and its 200-day moving average is $0.98. Sachem Capital has a one year low of $0.76 and a one year high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last announced its earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $3.03 million for 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 4.70%.

Hedge Funds Weigh In On Sachem Capital

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Sachem Capital during the third quarter valued at approximately $37,000. Napier Financial LLC acquired a new position in Sachem Capital in the fourth quarter worth approximately $38,000. GSA Capital Partners LLP acquired a new position in Sachem Capital in the second quarter worth approximately $39,000. Renaissance Technologies LLC increased its holdings 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 in the last quarter. Finally, Jane Street Group LLC increased its holdings 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 in the last quarter. Institutional investors and hedge funds 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.