Sachem Capital Corp. (NYSEAMERICAN:SACH) Short Interest Up 18.8% in March

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 170,649 shares, a growth of 18.8% from the February 26th total of 143,630 shares. Based on an average daily volume of 195,327 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are short sold.

Sachem Capital Trading Up 1.5%

NYSEAMERICAN:SACH traded up $0.02 during trading hours on Wednesday, reaching $1.03. 11,072 shares of the stock were exchanged, compared to its average volume of 159,176. Sachem Capital has a twelve month low of $0.80 and a twelve month high of $1.35. The business has a 50-day moving average of $1.02 and a two-hundred day moving average of $1.06. The company has a market capitalization of $49.17 million, a price-to-earnings ratio of 20.50 and a beta of 1.23. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.01.

Sachem Capital (NYSEAMERICAN:SACH) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $9.98 million during the quarter, compared to analysts’ expectations of $12.18 million. Sachem Capital had a return on equity of 3.56% and a net margin of 14.05%. On average, equities analysts predict that Sachem Capital will post -0.57 EPS for the current year.

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 19.5%. The ex-dividend date of this dividend was Friday, March 13th. Sachem Capital’s payout ratio is currently -105.26%.

Institutional Trading of Sachem Capital

Several hedge funds have recently made changes to their positions in SACH. Virtu Financial LLC acquired a new stake in shares of Sachem Capital in the 3rd quarter valued at $37,000. Napier Financial LLC acquired a new position in shares of Sachem Capital during the fourth quarter worth $38,000. Renaissance Technologies LLC increased its holdings in 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 buying an additional 21,862 shares during the last quarter. Jane Street Group LLC increased 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 valued at $55,000 after buying an additional 31,260 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake in Sachem Capital by 12.3% in the third 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. Institutional investors and hedge funds 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.