Perritt Capital Management Inc. cut its holdings in shares of Sachem Capital Corp (NYSEAMERICAN:SACH) by 14.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 195,000 shares of the company’s stock after selling 32,500 shares during the period. Perritt Capital Management Inc.’s holdings in Sachem Capital were worth $1,035,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. B. Riley Wealth Management Inc. bought a new stake in shares of Sachem Capital in the first quarter worth about $72,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Sachem Capital in the 2nd quarter valued at approximately $622,000. Cox Capital Mgt LLC increased its stake in Sachem Capital by 8.6% during the 2nd quarter. Cox Capital Mgt LLC now owns 90,123 shares of the company’s stock worth $479,000 after purchasing an additional 7,168 shares in the last quarter. Renaissance Technologies LLC increased its stake in Sachem Capital by 333.9% during the 2nd quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock worth $1,159,000 after purchasing an additional 167,916 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in Sachem Capital during the 2nd quarter worth approximately $127,000.

Separately, Aegis began coverage on shares of Sachem Capital in a research note on Monday, July 1st. They issued a “buy” rating and a $6.00 price target on the stock.

Shares of NYSEAMERICAN:SACH remained flat at $$4.71 during midday trading on Wednesday. 171,564 shares of the company were exchanged, compared to its average volume of 144,993. Sachem Capital Corp has a fifty-two week low of $3.80 and a fifty-two week high of $5.70.

Sachem Capital (NYSEAMERICAN:SACH) last announced its earnings results on Wednesday, August 14th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The company had revenue of $3.07 million for the quarter.

Sachem Capital Profile

Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.

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Institutional Ownership by Quarter for Sachem Capital (NYSEAMERICAN:SACH)

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