Mercer Global Advisors Inc. ADV Purchases Shares of 321,000 Sachem Capital Corp. (NYSEAMERICAN:SACH)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 321,000 shares of the company's stock, valued at approximately $831,000. Mercer Global Advisors Inc. ADV owned 0.68% of Sachem Capital at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Melia Wealth LLC purchased a new stake in shares of Sachem Capital during the 1st quarter valued at approximately $10,046,000. Quadrature Capital Ltd purchased a new stake in shares of Sachem Capital during the fourth quarter worth $78,000. Hartline Investment Corp purchased a new stake in shares of Sachem Capital during the first quarter worth $85,000. Brookstone Capital Management bought a new position in shares of Sachem Capital in the second quarter worth $46,000. Finally, TIAA Trust National Association grew its position in shares of Sachem Capital by 43.9% in the first quarter. TIAA Trust National Association now owns 47,500 shares of the company's stock valued at $212,000 after purchasing an additional 14,500 shares in the last quarter. 18.07% of the stock is owned by hedge funds and other institutional investors.

Sachem Capital Stock Up 1.9 %

Shares of NYSEAMERICAN:SACH opened at $2.63 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $124.74 million, a PE ratio of 10.12, a PEG ratio of 0.33 and a beta of 1.73. The stock has a fifty day simple moving average of $3.53. Sachem Capital Corp. has a 52 week low of $2.22 and a 52 week high of $4.64.

Sachem Capital (NYSEAMERICAN:SACH - Get Free Report) last posted its quarterly 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 return on equity of 2.45% and a net margin of 8.56%. The company had revenue of $15.15 million for the quarter, compared to the consensus estimate of $16.14 million. Sell-side analysts anticipate that Sachem Capital Corp. will post 0.17 EPS for the current year.

Sachem Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 6th. Investors of record on Monday, July 29th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $0.32 dividend on an annualized basis and a yield of 12.17%. Sachem Capital's dividend payout ratio is presently 123.08%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer reduced their price objective 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.

About Sachem Capital

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.