One Charles Private Wealth Services LLC Acquires New Shares in Sachem Capital Corp. (NYSEAMERICAN:SACH)

One Charles Private Wealth Services LLC acquired a new position in Sachem Capital Corp. (NYSEAMERICAN:SACH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,621 shares of the company’s stock, valued at approximately $97,000. One Charles Private Wealth Services LLC owned 0.08% of Sachem Capital at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Sachem Capital during the first quarter valued at about $55,000. Vanguard Group Inc. lifted its position in Sachem Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,283,214 shares of the company’s stock valued at $10,183,000 after acquiring an additional 14,153 shares during the last quarter. Brookstone Capital Management purchased a new stake in Sachem Capital during the second quarter valued at approximately $46,000. J.W. Cole Advisors Inc. acquired a new stake in Sachem Capital in the second quarter valued at approximately $28,000. Finally, Renaissance Technologies LLC purchased a new position in Sachem Capital in the second quarter worth $30,000. 18.07% of the stock is owned by hedge funds and other institutional investors.

Sachem Capital Stock Performance

Shares of SACH stock opened at $1.59 on Friday. Sachem Capital Corp. has a twelve month low of $1.44 and a twelve month high of $4.64. The firm’s 50 day moving average is $3.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79.

Sachem Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 12.58%. The ex-dividend date of this dividend is Monday, November 18th. Sachem Capital’s dividend payout ratio (DPR) is presently -105.26%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SACH shares. Alliance Global Partners downgraded Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a report on Friday, November 15th. Oppenheimer lowered their target price on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Monday, August 19th.

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.