Melia Wealth LLC Grows Stock Holdings in Sachem Capital Corp. (NYSEAMERICAN:SACH)

Melia Wealth LLC boosted its holdings in Sachem Capital Corp. (NYSEAMERICAN:SACH) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,414,184 shares of the company’s stock after purchasing an additional 83,886 shares during the quarter. Sachem Capital makes up 2.4% of Melia Wealth LLC’s portfolio, making the stock its 13th largest position. Melia Wealth LLC owned approximately 0.07% of Sachem Capital worth $4,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Sachem Capital by 113.9% in the 4th quarter. Renaissance Technologies LLC now owns 136,706 shares of the company’s stock worth $185,000 after purchasing an additional 72,806 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sachem Capital by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 551,476 shares of the company’s stock worth $745,000 after buying an additional 34,558 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of Sachem Capital in the fourth quarter worth $35,000. CFO4Life Group LLC grew its stake in Sachem Capital by 46.1% during the fourth quarter. CFO4Life Group LLC now owns 116,640 shares of the company’s stock valued at $157,000 after acquiring an additional 36,800 shares in the last quarter. Finally, Cox Capital Mgt LLC purchased a new position in Sachem Capital during the fourth quarter valued at $812,000. 18.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on SACH shares. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Sachem Capital in a report on Thursday, April 3rd. Industrial Alliance Securities set a $1.25 price target on Sachem Capital in a research note on Friday, March 28th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Sachem Capital in a report on Friday, March 28th.

Sachem Capital Stock Performance

Shares of NYSEAMERICAN:SACH opened at $1.03 on Friday. The firm has a fifty day simple moving average of $1.12 and a two-hundred day simple moving average of $1.59. Sachem Capital Corp. has a 52 week low of $0.96 and a 52 week high of $3.31. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $48.38 million, a P/E ratio of -5.42, a PEG ratio of 0.09 and a beta of 1.65.

Sachem Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.05 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.20 annualized dividend and a yield of 19.42%. Sachem Capital’s dividend payout ratio 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.