Teamwork Financial Advisors LLC Sells 20,399 Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH)

Teamwork Financial Advisors LLC reduced its stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 27.4% in the fourth quarter, Holdings Channel reports. The fund owned 54,152 shares of the company’s stock after selling 20,399 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Sachem Capital were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SACH. Cox Capital Mgt LLC bought a new position in Sachem Capital during the fourth quarter worth about $812,000. Mercer Global Advisors Inc. ADV bought a new position in Sachem Capital in the 2nd quarter worth approximately $831,000. Geode Capital Management LLC grew its stake in Sachem Capital by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 516,918 shares of the company’s stock valued at $1,303,000 after buying an additional 33,317 shares in the last quarter. Barclays PLC bought a new stake in Sachem Capital during the 3rd quarter valued at $109,000. Finally, US Financial Advisors LLC raised its holdings in Sachem Capital by 3.0% during the 3rd quarter. US Financial Advisors LLC now owns 423,578 shares of the company’s stock valued at $1,067,000 after acquiring an additional 12,428 shares during the period. 18.07% of the stock is owned by institutional investors.

Sachem Capital Price Performance

NYSEAMERICAN SACH opened at $1.23 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. Sachem Capital Corp. has a 1 year low of $1.11 and a 1 year high of $4.64.

Sachem Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were given a $0.05 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 16.26%. Sachem Capital’s dividend payout ratio (DPR) is presently -105.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SACH. Alliance Global Partners cut Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a research report on Friday, November 15th. Oppenheimer reaffirmed an “outperform” rating and set a $2.50 target price (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

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.