Sachem Capital Corp. (NYSEAMERICAN:SACH) Shares Sold by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC cut its stake in Sachem Capital Corp. (NYSEAMERICAN:SACH) by 48.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 18,621 shares during the period. One Charles Private Wealth Services LLC’s holdings in Sachem Capital were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Sachem Capital in the 3rd quarter worth about $60,000. Janus Henderson Group PLC lifted its holdings in shares of Sachem Capital by 124.5% in the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock valued at $74,000 after purchasing an additional 16,385 shares in the last quarter. Barclays PLC acquired a new stake in shares of Sachem Capital in the third quarter valued at approximately $109,000. CFO4Life Group LLC increased its stake in shares of Sachem Capital by 46.1% during the 4th quarter. CFO4Life Group LLC now owns 116,640 shares of the company’s stock worth $157,000 after purchasing an additional 36,800 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Sachem Capital during the 3rd quarter worth approximately $233,000. 18.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer reissued an “outperform” rating and set a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th.

Sachem Capital Trading Down 4.2 %

NYSEAMERICAN:SACH opened at $1.13 on Friday. Sachem Capital Corp. has a 12-month low of $1.00 and a 12-month high of $4.64. The stock has a market cap of $53.08 million, a price-to-earnings ratio of -5.95, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. The company has a 50-day moving average price of $1.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79.

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 17.70%. Sachem Capital’s dividend payout ratio (DPR) is currently -105.26%.

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.