Perritt Capital Management Inc. Has $1.04 Million Stock Holdings in Sachem Capital Corp (NYSEAMERICAN:SACH)
Perritt Capital Management Inc. trimmed its position in shares of Sachem Capital Corp (NYSEAMERICAN:SACH) by 14.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,000 shares of the company’s stock after selling 32,500 shares during the period. Perritt Capital Management Inc. owned approximately 0.90% of Sachem Capital worth $1,035,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Sachem Capital by 47.8% during the 2nd quarter. Northern Trust Corp now owns 20,177 shares of the company’s stock valued at $107,000 after acquiring an additional 6,523 shares in the last quarter. Renaissance Technologies LLC raised its position in Sachem Capital by 333.9% in the second quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock worth $1,159,000 after purchasing an additional 167,916 shares in the last quarter. LPL Financial LLC bought a new position in Sachem Capital during the second quarter worth about $127,000. JPMorgan Chase & Co. bought a new position in Sachem Capital during the second quarter worth about $80,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Sachem Capital during the second quarter valued at approximately $622,000.
NYSEAMERICAN:SACH remained flat at $$4.71 during trading hours on Wednesday. The company’s stock had a trading volume of 171,564 shares, compared to its average volume of 144,993. Sachem Capital Corp has a 52-week low of $3.80 and a 52-week high of $5.70.
Separately, Aegis began coverage on Sachem Capital in a report on Monday, July 1st. They issued a “buy” rating and a $6.00 target price for the company.
About Sachem Capital
Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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