Renaissance Technologies LLC Invests $30,000 in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Renaissance Technologies LLC acquired a new stake in Sachem Capital Corp. (NYSEAMERICAN:SACH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,600 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SACH. Quadrature Capital Ltd acquired a new stake in shares of Sachem Capital during the fourth quarter worth $78,000. Melia Wealth LLC acquired a new stake in Sachem Capital in the first quarter worth $10,046,000. Hartline Investment Corp acquired a new stake in Sachem Capital in the first quarter worth $85,000. SG Americas Securities LLC acquired a new stake in Sachem Capital in the first quarter worth $55,000. Finally, Vanguard Group Inc. grew its holdings in Sachem Capital by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,283,214 shares of the company’s stock worth $10,183,000 after purchasing an additional 14,153 shares during the period. Institutional investors own 18.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer dropped their price objective on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th.

Sachem Capital Trading Up 2.2 %

Shares of NYSEAMERICAN:SACH opened at $2.54 on Tuesday. The company’s 50 day moving average price is $3.51. The stock has a market capitalization of $120.24 million, a PE ratio of 42.26, a P/E/G ratio of 0.30 and a beta of 1.73. Sachem Capital Corp. has a 12 month low of $2.22 and a 12 month high of $4.64. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.10.

Sachem Capital (NYSEAMERICAN:SACH) last announced its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.20). Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. The company had revenue of $15.15 million for the quarter, compared to the consensus estimate of $16.14 million. On average, equities analysts forecast that Sachem Capital Corp. will post 0.17 earnings per share for the current fiscal year.

Sachem Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Monday, July 29th were paid a $0.08 dividend. The ex-dividend date was Monday, July 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.62%. Sachem Capital’s dividend payout ratio (DPR) is 533.42%.

Sachem Capital 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.