Sachem Capital Corp. (NYSEAMERICAN:SACH) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,677 shares of the company’s stock after acquiring an additional 2,442 shares during the period. Squarepoint Ops LLC owned about 0.12% of Sachem Capital worth $153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SACH. Virtu Financial LLC acquired a new position in Sachem Capital during the 1st quarter worth about $86,000. Axiom Investment Management LLC acquired a new position in Sachem Capital during the 1st quarter worth about $344,000. Advisor Group Holdings Inc. raised its position in Sachem Capital by 84.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 32,290 shares of the company’s stock valued at $172,000 after purchasing an additional 14,830 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Sachem Capital in the 2nd quarter valued at about $76,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Sachem Capital during the second quarter worth about $76,000. 14.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sachem Capital stock opened at $5.92 on Thursday. The firm has a market cap of $174.30 million, a price-to-earnings ratio of 13.77 and a beta of 1.22. Sachem Capital Corp. has a one year low of $3.97 and a one year high of $6.35.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings data on Thursday, November 4th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. Sachem Capital had a net margin of 42.64% and a return on equity of 9.91%. As a group, sell-side analysts expect that Sachem Capital Corp. will post 0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 29th. Stockholders of record on Monday, October 25th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, October 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.11%. Sachem Capital’s dividend payout ratio (DPR) is presently 111.63%.

Several research analysts have commented on SACH shares. Aegis reiterated a “buy” rating and set a $8.00 price target on shares of Sachem Capital in a report on Monday, October 25th. Zacks Investment Research downgraded shares of Sachem Capital from a “hold” rating to a “sell” rating in a research report on Thursday, November 11th.

About Sachem Capital

Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. The firm specializes in originating, underwriting, funding, servicing, and managing services for a portfolio of short-term loans. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or development of residential and commercial properties.

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

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