J.W. Cole Advisors Inc. Invests $28,000 in Sachem Capital Corp. (NYSEAMERICAN:SACH)

J.W. Cole Advisors Inc. purchased a new position in Sachem Capital Corp. (NYSEAMERICAN:SACH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,704 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management bought a new position in shares of Sachem Capital in the second quarter valued at approximately $46,000. TIAA Trust National Association boosted its stake in Sachem Capital by 43.9% during the first quarter. TIAA Trust National Association now owns 47,500 shares of the company’s stock valued at $212,000 after buying an additional 14,500 shares during the period. Vanguard Group Inc. grew its stake in Sachem Capital by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,283,214 shares of the company’s stock worth $10,183,000 after buying an additional 14,153 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Sachem Capital in the 1st quarter worth about $55,000. Finally, Hartline Investment Corp bought a new position in Sachem Capital during the first quarter valued at approximately $85,000. 18.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased their price objective on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sachem Capital Price Performance

SACH opened at $2.70 on Friday. The stock has a 50-day moving average of $3.55. The stock has a market cap of $128.06 million, a price-to-earnings ratio of 10.39, a PEG ratio of 0.32 and a beta of 1.73. Sachem Capital Corp. has a 1 year low of $2.22 and a 1 year high of $4.64. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.10.

Sachem Capital (NYSEAMERICAN:SACH) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.20). The company had revenue of $15.15 million during the quarter, compared to analysts’ expectations of $16.14 million. Sachem Capital had a return on equity of 2.45% and a net margin of 8.56%. As a group, sell-side analysts anticipate that Sachem Capital Corp. will post 0.17 EPS for the current year.

Sachem Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 6th. Investors of record on Monday, July 29th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 11.85%. The ex-dividend date was Monday, July 29th. Sachem Capital’s dividend payout ratio is 123.08%.

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.