Steward Partners Investment Advisory LLC Raises Stake in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Steward Partners Investment Advisory LLC grew its stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACHGet Rating) by 36.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,331 shares of the company’s stock after purchasing an additional 6,266 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.07% of Sachem Capital worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Samalin Investment Counsel LLC acquired a new stake in Sachem Capital during the fourth quarter worth approximately $46,000. IndexIQ Advisors LLC acquired a new position in shares of Sachem Capital in the 4th quarter valued at $50,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sachem Capital in the 4th quarter valued at $69,000. Black Swift Group LLC acquired a new position in shares of Sachem Capital in the 4th quarter valued at $102,000. Finally, Morling Financial Advisors LLC acquired a new position in shares of Sachem Capital in the 4th quarter valued at $173,000. Institutional investors and hedge funds own 19.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Sachem Capital in a report on Wednesday, April 27th. They issued an “outperform” rating and a $6.00 target price on the stock.

Sachem Capital Trading Up 0.8 %

Sachem Capital stock opened at $4.83 on Tuesday. Sachem Capital Corp. has a 52 week low of $3.83 and a 52 week high of $6.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $176.95 million, a P/E ratio of 10.98 and a beta of 1.28.

Sachem Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 21st were given a $0.14 dividend. The ex-dividend date was Wednesday, July 20th. This is a positive change from Sachem Capital’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 11.59%. Sachem Capital’s payout ratio is currently 127.28%.

Sachem Capital Company Profile

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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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Institutional Ownership by Quarter for Sachem Capital (NYSEAMERICAN:SACH)

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