US Financial Advisors LLC Buys 12,428 Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH)

US Financial Advisors LLC grew its position in Sachem Capital Corp. (NYSEAMERICAN:SACH) by 3.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 423,578 shares of the company’s stock after purchasing an additional 12,428 shares during the period. US Financial Advisors LLC’s holdings in Sachem Capital were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Sachem Capital during the first quarter worth $55,000. Vanguard Group Inc. increased its stake in Sachem Capital by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,283,214 shares of the company’s stock worth $10,183,000 after buying an additional 14,153 shares during the period. TIAA Trust National Association lifted its holdings in Sachem Capital by 43.9% during the 1st quarter. TIAA Trust National Association now owns 47,500 shares of the company’s stock valued at $212,000 after buying an additional 14,500 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of Sachem Capital during the second quarter worth approximately $46,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Sachem Capital in the second quarter valued at approximately $28,000. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Stock Performance

NYSEAMERICAN SACH opened at $2.26 on Thursday. The company has a market capitalization of $106.95 million, a P/E ratio of 37.59, a PEG ratio of 0.29 and a beta of 1.73. The company’s 50 day simple moving average is $3.44. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.10. Sachem Capital Corp. has a 52-week low of $2.22 and a 52-week high of $4.64.

Sachem Capital (NYSEAMERICAN:SACH) last announced 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 company had revenue of $15.15 million for the quarter, compared to the consensus estimate of $16.14 million. Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. On average, analysts forecast that Sachem Capital Corp. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.