Sachem Capital (NYSEAMERICAN:SACH) Announces Earnings Results, Misses Expectations By $0.18 EPS

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

Sachem Capital Price Performance

Sachem Capital stock opened at $1.20 on Wednesday. Sachem Capital has a 1 year low of $0.80 and a 1 year high of $1.45. The firm has a 50 day moving average price of $1.04 and a 200 day moving average price of $1.04. The company has a market cap of $57.56 million, a price-to-earnings ratio of 24.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.53 and a current ratio of 1.53.

Sachem Capital Announces Dividend

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

Institutional Investors Weigh In On Sachem Capital

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Sachem Capital in the third quarter valued at approximately $37,000. Renaissance Technologies LLC grew 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 purchasing an additional 21,862 shares during the period. Jane Street Group LLC grew 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 purchasing an additional 31,260 shares during the period. Susquehanna International Group LLP grew its holdings 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 purchasing an additional 14,619 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Sachem Capital by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock valued at $2,608,000 after purchasing an additional 40,159 shares during the period. 18.07% of the stock is currently owned by hedge funds and other institutional investors.

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.