Sachem Capital (NYSEAMERICAN:SACH) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Sachem Capital Corp. (NYSEAMERICAN:SACH) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.15 and traded as low as $1.05. Sachem Capital shares last traded at $1.11, with a volume of 424,112 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Alliance Global Partners reissued a “neutral” rating on shares of Sachem Capital in a research report on Friday. Oppenheimer reissued an “outperform” rating and issued a $2.50 price objective (down from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th. Finally, Industrial Alliance Securities set a $1.25 price objective on shares of Sachem Capital in a research report on Friday.

Sachem Capital Price Performance

The business has a 50 day moving average of $1.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $52.14 million, a PE ratio of -5.84, a PEG ratio of 0.09 and a beta of 1.65.

Sachem Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 18.02%. The ex-dividend date of this dividend is Monday, March 17th. Sachem Capital’s payout ratio is currently -105.26%.

Institutional Trading of Sachem Capital

A number of large investors have recently bought and sold shares of the business. StoneX Group Inc. acquired a new position in shares of Sachem Capital in the fourth quarter valued at approximately $35,000. Virtu Financial LLC acquired a new position in Sachem Capital in the 3rd quarter valued at $60,000. Janus Henderson Group PLC increased its stake in Sachem Capital by 124.5% in the 3rd quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock valued at $74,000 after buying an additional 16,385 shares during the period. Barclays PLC purchased a new position in Sachem Capital during the 3rd quarter worth $109,000. Finally, Vident Advisory LLC acquired a new stake in shares of Sachem Capital in the 4th quarter worth $119,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

Sachem Capital Company Profile

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.