Sachem Capital (NYSEAMERICAN:SACH) Announces Quarterly Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) posted its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.18), FiscalAI reports. The company had revenue of $5.10 million for the quarter, compared to the consensus estimate of $8.26 million. Sachem Capital had a net margin of 14.05% and a return on equity of 3.56%.

Sachem Capital Price Performance

SACH opened at $1.20 on Wednesday. The company’s 50-day simple moving average is $1.04 and its two-hundred day simple moving average is $1.04. Sachem Capital has a 52-week low of $0.80 and a 52-week high of $1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $57.56 million, a P/E ratio of 24.00 and a beta of 1.07.

Sachem Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 13th. This represents a $0.20 annualized dividend and a yield of 16.7%. Sachem Capital’s dividend payout ratio is currently -105.26%.

Hedge Funds Weigh In On Sachem Capital

Several institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its stake in shares of Sachem Capital by 91.1% in the 4th quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after purchasing an additional 21,862 shares during the period. Susquehanna International Group LLP increased its holdings in Sachem Capital by 12.3% in the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after acquiring an additional 14,619 shares in the last quarter. Virtu Financial LLC purchased a new stake in Sachem Capital during the 3rd quarter valued at approximately $37,000. Vanguard Group Inc. grew its holdings in Sachem Capital by 1.7% during 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 in the last quarter. Finally, Jane Street Group LLC grew its holdings in Sachem Capital by 193.8% during the 1st 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 own 18.07% of the company’s stock.

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.