Level Four Advisory Services LLC Purchases New Position in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Level Four Advisory Services LLC acquired a new position in Sachem Capital Corp. (NYSEAMERICAN:SACH – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,700 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors also recently bought and sold shares of SACH. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Sachem Capital in the 1st quarter worth approximately $42,000. Sheaff Brock Investment Advisors LLC bought a new position in Sachem Capital in the first quarter worth about $43,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Sachem Capital during the third quarter valued at about $42,000. Private Advisor Group LLC purchased a new stake in shares of Sachem Capital during the first quarter valued at about $75,000. Finally, Money Concepts Capital Corp purchased a new position in shares of Sachem Capital in the 4th quarter worth approximately $51,000. 11.46% of the stock is currently owned by hedge funds and other institutional investors.

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Sachem Capital Stock Up 1.2 %

NYSEAMERICAN SACH opened at $3.51 on Friday. The company has a market cap of $159.18 million, a price-to-earnings ratio of 7.80 and a beta of 1.46. Sachem Capital Corp. has a 52 week low of $2.98 and a 52 week high of $4.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50 day moving average price is $3.56.

Sachem Capital (NYSEAMERICAN:SACH – Get Free Report) last issued its quarterly earnings data on Tuesday, August 15th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Sachem Capital had a return on equity of 10.38% and a net margin of 36.55%. The firm had revenue of $16.46 million during the quarter, compared to analyst estimates of $14.49 million. On average, equities research analysts anticipate that Sachem Capital Corp. will post 0.46 earnings per share for the current fiscal year.

Sachem Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 14.81%. Sachem Capital’s payout ratio is 115.56%.

About Sachem Capital

(Free Report)

Sachem Capital Corp. operates as a real estate finance company. The company is involved in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Northeastern United States and Florida. It offers loans to real estate investors and owners to fund their acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.

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