Sachem Capital (NYSEAMERICAN:SACH) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Sachem Capital Corp. (NYSEAMERICAN:SACH) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.94 and traded as low as $0.82. Sachem Capital shares last traded at $0.8459, with a volume of 122,675 shares.

Sachem Capital Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.40. The firm has a market capitalization of $39.81 million, a price-to-earnings ratio of -3.19 and a beta of 1.16. The business has a fifty day moving average of $0.92 and a two-hundred day moving average of $1.01.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter. Sachem Capital had a negative net margin of 18.74% and a negative return on equity of 4.70%. The business had revenue of $3.03 million for the quarter, compared to analyst estimates of $11.19 million.

Sachem Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.04 annualized dividend and a dividend yield of 4.8%. Sachem Capital’s payout ratio is presently -21.05%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SACH. Susquehanna International Group LLP raised its holdings in shares of Sachem Capital by 12.3% during the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after buying an additional 14,619 shares in the last quarter. Renaissance Technologies LLC boosted its position in Sachem Capital by 91.1% during the 4th quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after buying an additional 21,862 shares during the period. Jane Street Group LLC grew its stake in shares of Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after purchasing an additional 31,260 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Sachem Capital in the 3rd quarter valued at about $37,000. Finally, Napier Financial LLC acquired a new stake in Sachem Capital during the 4th quarter valued at approximately $38,000. 18.07% of the stock is owned by 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.