Sachem Capital Corp. (NYSEAMERICAN:SACH) Shares Sold by Bard Associates Inc.

Bard Associates Inc. decreased its stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 536,104 shares of the company’s stock after selling 38,721 shares during the quarter. Bard Associates Inc.’s holdings in Sachem Capital were worth $724,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. JB Capital LLC raised its holdings in shares of Sachem Capital by 32.7% during the third quarter. JB Capital LLC now owns 20,301 shares of the company’s stock worth $51,000 after purchasing an additional 5,006 shares during the last quarter. US Financial Advisors LLC raised its holdings in shares of Sachem Capital by 3.0% during the third quarter. US Financial Advisors LLC now owns 423,578 shares of the company’s stock worth $1,067,000 after purchasing an additional 12,428 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Sachem Capital by 124.5% during the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock worth $74,000 after purchasing an additional 16,385 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Sachem Capital during the third quarter worth $60,000. Finally, Geode Capital Management LLC raised its holdings in shares of Sachem Capital by 6.9% during the third quarter. Geode Capital Management LLC now owns 516,918 shares of the company’s stock worth $1,303,000 after purchasing an additional 33,317 shares during the last quarter. Institutional investors and hedge funds own 18.07% of the company’s stock.

Sachem Capital Stock Down 8.0 %

SACH opened at $1.03 on Tuesday. Sachem Capital Corp. has a fifty-two week low of $1.00 and a fifty-two week high of $4.64. 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 $48.38 million, a price-to-earnings ratio of -5.42, a PEG ratio of 0.09 and a beta of 1.65.

Analyst Ratings Changes

Several brokerages recently issued reports on SACH. Alliance Global Partners cut shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a report on Friday, November 15th. Oppenheimer reissued an “outperform” rating and set a $2.50 target price (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

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.