Virtu Financial LLC Makes New Investment in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Virtu Financial LLC purchased a new stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,613 shares of the company’s stock, valued at approximately $60,000.

A number of other institutional investors have also made changes to their positions in SACH. Geode Capital Management LLC raised its stake in Sachem Capital by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 516,918 shares of the company’s stock valued at $1,303,000 after purchasing an additional 33,317 shares during the last quarter. US Financial Advisors LLC raised its position in shares of Sachem Capital by 3.0% during the third quarter. US Financial Advisors LLC now owns 423,578 shares of the company’s stock valued at $1,067,000 after buying an additional 12,428 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Sachem Capital during the second quarter valued at about $831,000. Penserra Capital Management LLC lifted its stake in shares of Sachem Capital by 23.0% in the third quarter. Penserra Capital Management LLC now owns 319,667 shares of the company’s stock valued at $805,000 after buying an additional 59,675 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Sachem Capital during the 2nd quarter worth approximately $334,000. 18.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SACH has been the topic of a number of analyst reports. Alliance Global Partners cut shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a research note on Friday, November 15th. Oppenheimer reiterated an “outperform” rating and issued a $2.50 price objective (down from $4.00) on shares of Sachem Capital in a research note on Friday, December 6th.

Sachem Capital Price Performance

SACH opened at $1.21 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. The company has a market cap of $56.83 million, a PE ratio of -6.37 and a beta of 1.64. Sachem Capital Corp. has a one year low of $1.15 and a one year high of $4.64.

Sachem Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 16.53%. Sachem Capital’s payout ratio is presently -105.26%.

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.