Sachem Capital Corp. (NYSEAMERICAN:SACH) Short Interest Update

Sachem Capital Corp. (NYSEAMERICAN:SACH) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 91,695 shares, a drop of 34.4% from the May 14th total of 139,702 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,140,875 shares, the days-to-cover ratio is currently 0.0 days.

Sachem Capital Trading Down 3.4%

SACH opened at $0.94 on Thursday. The firm has a 50 day simple moving average of $1.09 and a 200 day simple moving average of $1.05. Sachem Capital has a fifty-two week low of $0.90 and a fifty-two week high of $1.45. The company has a market cap of $45.14 million, a price-to-earnings ratio of -9.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The business had revenue of $5.10 million during the quarter, compared to the consensus estimate of $9.43 million. Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.39%.

Sachem Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, June 15th. Sachem Capital’s dividend payout ratio (DPR) is currently -21.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after purchasing an additional 31,260 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sachem Capital by 1.7% in the 3rd 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. Virtu Financial LLC acquired a new position in shares of Sachem Capital in the 3rd quarter valued at $37,000. Susquehanna International Group LLP increased its position in shares of Sachem Capital by 12.3% in the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock valued at $148,000 after buying an additional 14,619 shares in the last quarter. Finally, GatePass Capital LLC increased 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 buying an additional 54,500 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.