LADENBURG THALM/SH SH Reiterates Neutral Rating for Sachem Capital (NYSEAMERICAN:SACH)

Sachem Capital (NYSEAMERICAN:SACH)‘s stock had its “neutral” rating reiterated by investment analysts at LADENBURG THALM/SH SH in a note issued to investors on Thursday, MarketBeat reports.

Several other research analysts have also recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Alliance Global Partners reiterated a “neutral” rating on shares of Sachem Capital in a research note on Friday, March 28th. Finally, Industrial Alliance Securities set a $1.25 target price on Sachem Capital in a report on Friday, March 28th.

Sachem Capital Stock Down 1.0 %

Shares of SACH stock opened at $1.04 on Thursday. 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 has a 52 week low of $1.00 and a 52 week high of $3.68. The stock has a market cap of $48.85 million, a PE ratio of -5.47, a PEG ratio of 0.09 and a beta of 1.65. The firm has a 50 day simple moving average of $1.14.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Sachem Capital during the 3rd quarter worth $60,000. StoneX Group Inc. acquired a new stake in shares of Sachem Capital during the fourth quarter worth about $35,000. Janus Henderson Group PLC grew its holdings in shares of Sachem Capital by 124.5% during the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock worth $74,000 after buying an additional 16,385 shares during the last quarter. Barclays PLC acquired a new position in Sachem Capital in the 3rd quarter valued at about $109,000. Finally, Vident Advisory LLC purchased a new stake in Sachem Capital during the 4th quarter valued at approximately $119,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

Sachem Capital Company 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.