Cox Capital Mgt LLC Acquires Shares of 601,518 Sachem Capital Corp. (NYSEAMERICAN:SACH)

Cox Capital Mgt LLC acquired a new position in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 601,518 shares of the company's stock, valued at approximately $812,000. Cox Capital Mgt LLC owned approximately 1.28% of Sachem Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. J.W. Cole Advisors Inc. acquired a new position in shares of Sachem Capital during the 2nd quarter worth about $28,000. Renaissance Technologies LLC bought a new stake in Sachem Capital during the second quarter worth about $30,000. JB Capital LLC boosted its position in Sachem Capital by 32.7% during the third quarter. JB Capital LLC now owns 20,301 shares of the company's stock valued at $51,000 after purchasing an additional 5,006 shares during the last quarter. Virtu Financial LLC bought a new position in Sachem Capital in the third quarter valued at approximately $60,000. Finally, Janus Henderson Group PLC increased its position in shares of Sachem Capital by 124.5% during the 3rd quarter. Janus Henderson Group PLC now owns 29,549 shares of the company's stock worth $74,000 after purchasing an additional 16,385 shares during the last quarter. Institutional investors and hedge funds own 18.07% of the company's stock.

Analyst Upgrades and Downgrades

SACH has been the subject of a number of research analyst reports. Oppenheimer reiterated an "outperform" rating and set a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Alliance Global Partners downgraded Sachem Capital from a "buy" rating to a "neutral" rating and set a $2.00 target price for the company. in a research note on Friday, November 15th.

Sachem Capital Price Performance

Shares of SACH traded up $0.05 during trading hours on Wednesday, hitting $1.27. The company had a trading volume of 758,242 shares, compared to its average volume of 528,016. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $59.65 million, a PE ratio of -6.68 and a beta of 1.64. Sachem Capital Corp. has a 12 month low of $1.11 and a 12 month high of $4.64.

Sachem Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a $0.05 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 15.75%. Sachem Capital's dividend payout ratio 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.