Hartline Investment Corp Invests $85,000 in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Hartline Investment Corp purchased a new position in Sachem Capital Corp. (NYSEAMERICAN:SACH) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,965 shares of the company’s stock, valued at approximately $85,000.

Other large investors have also recently made changes to their positions in the company. Melia Wealth LLC purchased a new stake in shares of Sachem Capital in the first quarter worth $10,046,000. Citigroup Inc. purchased a new stake in shares of Sachem Capital in the third quarter worth $706,000. Jump Financial LLC raised its position in shares of Sachem Capital by 112.2% in the fourth quarter. Jump Financial LLC now owns 75,628 shares of the company’s stock worth $283,000 after buying an additional 39,984 shares in the last quarter. US Financial Advisors LLC raised its position in shares of Sachem Capital by 9.9% in the fourth quarter. US Financial Advisors LLC now owns 362,188 shares of the company’s stock worth $1,355,000 after buying an additional 32,618 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Sachem Capital in the fourth quarter worth $78,000. 18.07% of the stock is owned by institutional investors.

Sachem Capital Stock Performance

Shares of NYSEAMERICAN SACH traded up $0.08 during trading hours on Friday, hitting $2.55. The company’s stock had a trading volume of 434,838 shares, compared to its average volume of 339,373. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $120.76 million, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.13 and a beta of 1.72. Sachem Capital Corp. has a 12 month low of $2.43 and a 12 month high of $4.64. The stock has a 50-day moving average price of $3.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SACH shares. Alliance Global Partners started coverage on Sachem Capital in a research report on Monday, March 18th. They set a “buy” rating and a $4.50 price target on the stock. Oppenheimer lowered their price target on Sachem Capital from $5.00 to $4.50 and set an “outperform” rating on the stock in a research report on Monday, May 20th.

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.