Short Interest in Sachem Capital Corp. (NYSEAMERICAN:SACH) Expands By 18.8%

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SACH. Virtu Financial LLC acquired a new position in shares of Sachem Capital during the third quarter valued at $37,000. Napier Financial LLC acquired a new stake in Sachem Capital in the fourth quarter worth about $38,000. Renaissance Technologies LLC grew its position in Sachem Capital by 91.1% in the 4th 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 in the last quarter. Jane Street Group LLC grew its position in Sachem Capital by 193.8% in the 1st 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 in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Sachem Capital by 12.3% during the 3rd 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 during the period. Institutional investors own 18.07% of the company’s stock.

Sachem Capital Price Performance

NYSEAMERICAN SACH opened at $1.01 on Thursday. Sachem Capital has a 52 week low of $0.80 and a 52 week high of $1.35. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.01. The stock has a market cap of $48.45 million, a price-to-earnings ratio of 20.20 and a beta of 1.13. The company has a 50-day moving average price of $1.02 and a two-hundred day moving average price of $1.05.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter. The company had revenue of $9.98 million for the quarter, compared to analyst estimates of $12.18 million. Sachem Capital had a net margin of 14.05% and a return on equity of 3.56%. Analysts forecast that Sachem Capital will post -0.57 EPS for the current year.

Sachem Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.20 annualized dividend and a yield of 19.8%. Sachem Capital’s payout ratio is presently -105.26%.

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.