Barclays PLC Takes $109,000 Position in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Barclays PLC bought a new stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 43,129 shares of the company’s stock, valued at approximately $109,000. Barclays PLC owned approximately 0.09% of Sachem Capital at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. J.W. Cole Advisors Inc. purchased a new position in Sachem Capital during the 2nd quarter valued at about $28,000. Renaissance Technologies LLC purchased a new position in Sachem Capital in the second quarter worth about $30,000. Mercer Global Advisors Inc. ADV purchased a new position in Sachem Capital in the second quarter worth about $831,000. Marshall Wace LLP purchased a new position in Sachem Capital in the second quarter worth about $334,000. Finally, Teamwork Financial Advisors LLC raised its holdings in Sachem Capital by 78.4% in the third quarter. Teamwork Financial Advisors LLC now owns 74,551 shares of the company’s stock worth $188,000 after buying an additional 32,757 shares during the last quarter. Institutional investors own 18.07% of the company’s stock.

Sachem Capital Trading Down 5.1 %

Shares of SACH stock opened at $1.12 on Thursday. Sachem Capital Corp. has a 52 week low of $1.12 and a 52 week high of $4.64. The company has a market capitalization of $52.61 million, a PE ratio of -5.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79.

Sachem Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 17.86%. Sachem Capital’s dividend payout ratio is presently -105.26%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $2.50 target price (down from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Alliance Global Partners cut shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a report on Friday, November 15th.

Sachem Capital 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.