Sachem Capital (NYSEAMERICAN:SACH) Posts Quarterly Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) posted its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports. Sachem Capital had a negative net margin of 71.91% and a negative return on equity of 5.81%. The company had revenue of $9.98 million for the quarter.

Sachem Capital Stock Down 0.9%

Shares of SACH stock traded down $0.01 during trading hours on Thursday, reaching $1.09. The company had a trading volume of 210,423 shares, compared to its average volume of 128,623. The company has a market cap of $51.98 million, a price-to-earnings ratio of -1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. Sachem Capital has a 12 month low of $0.80 and a 12 month high of $1.35. The business has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $1.08.

Sachem Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Sunday, March 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 18.3%. Sachem Capital’s dividend payout ratio is -105.26%.

Institutional Investors Weigh In On Sachem Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Sachem Capital during the 3rd quarter valued at $37,000. Napier Financial LLC purchased a new stake in shares of Sachem Capital in the fourth quarter valued at about $38,000. Renaissance Technologies LLC raised 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 purchasing an additional 21,862 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Sachem Capital by 193.8% during the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock valued at $55,000 after purchasing an additional 31,260 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of Sachem Capital by 12.3% during the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock valued at $148,000 after purchasing an additional 14,619 shares in the last quarter. 18.07% of the stock is owned by hedge funds and other institutional investors.

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.