Short Interest in Sachem Capital Corp. (NYSEAMERICAN:SACH) Declines By 46.8%

Sachem Capital Corp. (NYSEAMERICAN:SACH) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 153,449 shares, a drop of 46.8% from the November 30th total of 288,314 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 297,071 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 297,071 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP lifted its position in 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 during the last quarter. Virtu Financial LLC purchased a new stake in shares of Sachem Capital during the 3rd quarter valued at $37,000. Vanguard Group Inc. raised its position in shares of 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. Cox Capital Mgt LLC lifted its holdings in shares of Sachem Capital by 93.2% during the 2nd quarter. Cox Capital Mgt LLC now owns 1,122,368 shares of the company’s stock worth $1,347,000 after acquiring an additional 541,301 shares during the last quarter. Finally, Jane Street Group LLC grew its position 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 acquiring an additional 31,260 shares in the last quarter. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Price Performance

Shares of SACH traded up $0.00 during mid-day trading on Friday, reaching $1.00. 133,949 shares of the stock traded hands, compared to its average volume of 258,066. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. Sachem Capital has a 1 year low of $0.80 and a 1 year high of $1.40. The company has a market cap of $47.69 million, a price-to-earnings ratio of -1.30 and a beta of 1.22. The firm has a fifty day moving average price of $1.05 and a 200 day moving average price of $1.13.

Sachem Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.20 annualized dividend and a dividend yield of 20.0%. Sachem Capital’s dividend payout ratio (DPR) is presently -105.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SACH shares. Capital One Financial set a $1.20 target price on shares of Sachem Capital in a report on Tuesday, October 28th. Oppenheimer decreased their price objective on Sachem Capital from $2.50 to $2.00 and set an “outperform” rating on the stock in a research note on Friday, September 19th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Sachem Capital has an average rating of “Hold” and an average price target of $1.48.

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.