Sachem Capital Corp. (NYSEAMERICAN:SACH – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 275,000 shares, a growth of 175.6% from the March 31st total of 99,800 shares. Based on an average trading volume of 282,200 shares, the short-interest ratio is presently 1.0 days.
Shares of NYSEAMERICAN:SACH traded down $0.03 during midday trading on Friday, reaching $4.82. 156,138 shares of the company traded hands, compared to its average volume of 266,209. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.08 and a current ratio of 2.08. Sachem Capital has a 12 month low of $4.40 and a 12 month high of $6.55. The firm has a market cap of $171.16 million, a price-to-earnings ratio of 10.95 and a beta of 1.24.
Sachem Capital (NYSEAMERICAN:SACH – Get Rating) last posted its earnings results on Thursday, March 31st. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). Sachem Capital had a return on equity of 8.69% and a net margin of 40.69%. Equities analysts predict that Sachem Capital will post 0.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 11th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date was Friday, April 8th. Sachem Capital’s payout ratio is currently 109.09%.
Several research analysts recently issued reports on SACH shares. Zacks Investment Research cut Sachem Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 12th. Oppenheimer initiated coverage on Sachem Capital in a report on Wednesday. They set an “outperform” rating and a $6.00 price target on the stock.
A number of hedge funds have recently modified their holdings of SACH. Renaissance Technologies LLC raised its position in Sachem Capital by 21.2% during the 4th quarter. Renaissance Technologies LLC now owns 528,800 shares of the company’s stock valued at $3,088,000 after purchasing an additional 92,624 shares during the last quarter. BlackRock Inc. grew its stake in shares of Sachem Capital by 1.8% in the 4th quarter. BlackRock Inc. now owns 440,710 shares of the company’s stock worth $2,574,000 after buying an additional 7,672 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Sachem Capital by 18.8% during the 3rd quarter. Two Sigma Advisers LP now owns 374,900 shares of the company’s stock valued at $2,047,000 after purchasing an additional 59,200 shares during the last quarter. Two Sigma Investments LP boosted its stake in Sachem Capital by 23.6% during the 3rd quarter. Two Sigma Investments LP now owns 312,045 shares of the company’s stock valued at $1,704,000 after purchasing an additional 59,589 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Sachem Capital during the 4th quarter valued at $1,418,000. Institutional investors own 19.41% of the company’s stock.
Sachem Capital Company Profile (Get Rating)
Sachem Capital Corp. operates as a real estate finance company. The company is involved in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.
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