Barclays PLC Buys New Position in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Barclays PLC bought a new stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) in the 3rd quarter, Holdings Channel.com reports. The firm bought 43,129 shares of the company’s stock, valued at approximately $109,000.

Several other large investors also recently added to or reduced their stakes in SACH. J.W. Cole Advisors Inc. bought a new position in shares of Sachem Capital in the second quarter worth approximately $28,000. Renaissance Technologies LLC bought a new position in shares of Sachem Capital in the second quarter worth approximately $30,000. JB Capital LLC boosted its position in shares of Sachem Capital by 32.7% in the third quarter. JB Capital LLC now owns 20,301 shares of the company’s stock worth $51,000 after purchasing an additional 5,006 shares during the period. Janus Henderson Group PLC boosted its position in shares of Sachem Capital by 124.5% in the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock worth $74,000 after purchasing an additional 16,385 shares during the period. Finally, One Charles Private Wealth Services LLC bought a new position in shares of Sachem Capital in the third quarter worth approximately $97,000. 18.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on SACH shares. Alliance Global Partners lowered shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a research report on Friday, November 15th. Oppenheimer reissued an “outperform” rating and issued a $2.50 target price (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

Sachem Capital Stock Performance

Shares of NYSEAMERICAN:SACH opened at $1.12 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 Corp. has a fifty-two week low of $1.12 and a fifty-two week high of $4.64. The firm has a market cap of $52.61 million, a P/E ratio of -5.89 and a beta of 1.64.

Sachem Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 17.86%. Sachem Capital’s dividend payout ratio (DPR) is currently -105.26%.

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.