Sachem Capital’s (SACH) Neutral Rating Reiterated at LADENBURG THALM/SH SH

Sachem Capital (NYSEAMERICAN:SACH)‘s stock had its “neutral” rating reissued by equities research analysts at LADENBURG THALM/SH SH in a research report issued on Thursday,Benzinga reports.

Several other equities analysts have also commented on SACH. Industrial Alliance Securities set a $1.25 price objective on shares of Sachem Capital in a report on Friday, March 28th. Oppenheimer reissued an “outperform” rating and issued a $2.50 target price (down previously from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Sachem Capital in a research report on Friday, March 28th.

Sachem Capital Price Performance

NYSEAMERICAN SACH opened at $1.11 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. The firm has a market capitalization of $52.14 million, a PE ratio of -5.84, a P/E/G ratio of 0.09 and a beta of 1.65. The firm has a 50-day moving average of $1.15. Sachem Capital has a 12 month low of $1.00 and a 12 month high of $3.75.

Institutional Investors Weigh In On Sachem Capital

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Sachem Capital in the 3rd quarter valued at approximately $60,000. StoneX Group Inc. acquired a new position in shares of Sachem Capital during the fourth quarter worth $35,000. Janus Henderson Group PLC increased its holdings in Sachem Capital by 124.5% in the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock valued at $74,000 after buying an additional 16,385 shares during the last quarter. Barclays PLC acquired a new stake in Sachem Capital in the third quarter valued at $109,000. Finally, Vident Advisory LLC purchased a new stake in Sachem Capital during the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

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.