Sachem Capital Corp (SACH) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC increased its holdings in Sachem Capital Corp (NYSEAMERICAN:SACH) by 82.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,200 shares of the company’s stock after acquiring an additional 31,200 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of Sachem Capital worth $284,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in Sachem Capital by 1,802.7% in the second quarter. BlackRock Inc. now owns 34,039 shares of the company’s stock worth $140,000 after acquiring an additional 32,250 shares during the period. TIAA FSB purchased a new stake in Sachem Capital in the second quarter worth $205,000. Finally, Cox Capital Co LLC purchased a new stake in Sachem Capital in the second quarter worth $322,000.
SACH opened at $4.15 on Friday. Sachem Capital Corp has a 12-month low of $3.30 and a 12-month high of $4.55.
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About Sachem Capital
Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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