Sachem Capital (NYSEAMERICAN:SACH) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Sachem Capital Corp. (NYSEAMERICAN:SACH) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.94 and traded as low as $0.82. Sachem Capital shares last traded at $0.8459, with a volume of 122,675 shares trading hands.

Sachem Capital Price Performance

The stock has a market capitalization of $40.57 million, a PE ratio of -8.46 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $1.01.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The business had revenue of $5.10 million during the quarter, compared to analysts’ expectations of $9.43 million. Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.39%.

Sachem Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.7%. The ex-dividend date was Monday, June 15th. Sachem Capital’s dividend payout ratio is presently -21.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in shares of Sachem Capital by 227.3% in the 1st quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock valued at $152,000 after acquiring an additional 104,247 shares during the last quarter. Napier Financial LLC bought a new position in Sachem Capital during the 4th quarter worth approximately $38,000. GatePass Capital LLC grew its position in Sachem Capital by 37.6% during the 4th quarter. GatePass Capital LLC now owns 199,500 shares of the company’s stock worth $207,000 after acquiring an additional 54,500 shares during the last quarter. Susquehanna International Group LLP increased its stake in Sachem Capital by 12.3% in the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after purchasing an additional 14,619 shares during the period. Finally, Virtu Financial LLC purchased a new position in Sachem Capital in the 3rd quarter worth approximately $37,000. 18.07% of the stock is owned by institutional investors.

Sachem Capital Company Profile

Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.

The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.