Bard Associates Inc. Sells 38,721 Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH)

Bard Associates Inc. trimmed its position in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,104 shares of the company’s stock after selling 38,721 shares during the period. Bard Associates Inc. owned about 1.14% of Sachem Capital worth $724,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SACH. JB Capital LLC boosted its position in Sachem Capital by 32.7% in the 3rd quarter. JB Capital LLC now owns 20,301 shares of the company’s stock valued at $51,000 after buying an additional 5,006 shares during the period. Virtu Financial LLC purchased a new stake in Sachem Capital in the 3rd quarter valued at about $60,000. Janus Henderson Group PLC boosted its position in Sachem Capital by 124.5% in the 3rd 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 period. One Charles Private Wealth Services LLC purchased a new stake in Sachem Capital in the 3rd quarter valued at about $97,000. Finally, Barclays PLC purchased a new stake in Sachem Capital in the 3rd quarter valued at about $109,000. 18.07% of the stock is currently owned by institutional investors.

Sachem Capital Stock Down 8.0 %

Shares of 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 market capitalization of $48.38 million, a PE ratio of -5.42, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79.

Analysts Set New Price Targets

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

Sachem Capital 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.