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

Sachem Capital Corp. (NYSEAMERICAN:SACH)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.15 and traded as low as $1.05. Sachem Capital shares last traded at $1.11, with a volume of 424,112 shares changing hands.

Analysts Set New Price Targets

SACH has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and issued a $2.50 target price (down from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Alliance Global Partners reissued a “neutral” rating on shares of Sachem Capital in a research note on Friday. Finally, Industrial Alliance Securities set a $1.25 price objective on shares of Sachem Capital in a research note on Friday.

Sachem Capital Stock Performance

The business’s 50 day simple moving average is $1.15. The stock has a market capitalization of $52.14 million, a P/E ratio of -5.84, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 18.02%. The ex-dividend date of this dividend is Monday, March 17th. Sachem Capital’s dividend payout ratio is currently -105.26%.

Institutional Trading of Sachem Capital

Several institutional investors have recently made changes to their positions in the stock. Cox Capital Mgt LLC purchased a new position in Sachem Capital in the fourth quarter valued at about $812,000. Ancora Advisors LLC bought a new position in Sachem Capital during the fourth quarter valued at approximately $315,000. EP Wealth Advisors LLC bought a new position in Sachem Capital during the third quarter valued at approximately $233,000. Vident Advisory LLC acquired a new stake in Sachem Capital in the fourth quarter valued at approximately $119,000. Finally, Melia Wealth LLC grew its position in Sachem Capital by 2.5% in the fourth quarter. Melia Wealth LLC now owns 3,414,184 shares of the company’s stock worth $4,609,000 after acquiring an additional 83,886 shares in the last quarter. 18.07% of the stock is currently owned by institutional investors and hedge funds.

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.