JB Capital LLC Grows Stake in Sachem Capital Corp. (NYSEAMERICAN:SACH)

JB Capital LLC raised its position in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 32.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,301 shares of the company’s stock after purchasing an additional 5,006 shares during the period. JB Capital LLC’s holdings in Sachem Capital were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. J.W. Cole Advisors Inc. bought a new position in shares of Sachem Capital in the 2nd quarter worth $28,000. Renaissance Technologies LLC bought a new position in Sachem Capital in the second quarter worth about $30,000. Brookstone Capital Management purchased a new stake in shares of Sachem Capital during the second quarter valued at about $46,000. SG Americas Securities LLC bought a new stake in shares of Sachem Capital in the 1st quarter valued at about $55,000. Finally, Teamwork Financial Advisors LLC grew its position in shares of Sachem Capital by 78.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 74,551 shares of the company’s stock worth $188,000 after buying an additional 32,757 shares during the last quarter. 18.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer lowered their price objective on Sachem Capital from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

Sachem Capital Stock Down 9.5 %

Shares of SACH opened at $2.05 on Friday. The stock has a market capitalization of $96.99 million, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 0.29 and a beta of 1.73. Sachem Capital Corp. has a 52 week low of $1.94 and a 52 week high of $4.64. The business has a 50-day moving average of $3.44. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.10.

Sachem Capital (NYSEAMERICAN:SACH) last posted its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.20). The firm had revenue of $15.15 million during the quarter, compared to analyst estimates of $16.14 million. Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. As a group, equities analysts anticipate that Sachem Capital Corp. will post 0.17 EPS for the current fiscal year.

About Sachem Capital

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.