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SACH Sachem Capital

Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans. It offers short term (i.e., three years or less) secured, non­banking loans (sometimes referred to as 'hard money' loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The company does not lend to owner occupants. The company's primary underwriting criteria is a conservative loan to value ratio. The properties securing the company's loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor's interest in the borrower. The company also makes opportunistic real estate purchases apart from its lending activities. The company believes that it qualifies as a real estate investment trust (REIT) for federal income tax purposes and has elected to be taxed as a REIT beginning with its 2017 tax year.

SACH stock data

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Investment data

Data from SEC filings
Securities sold
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Calendar

16 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Oct 21 William C Haydon Common Stock Buy Acquire P No Yes 5.7538 2,000 11.51K 4,000
13 Oct 21 Brian A Prinz Common Stock Grant Acquire A No No 0 5,000 0 366,943
13 Oct 21 Leslie Bernhard Common Stock Grant Acquire A No No 0 5,000 0 9,889
13 Oct 21 Arthur L Goldberg Common Stock Grant Acquire A No No 0 5,000 0 22,628
15 Sep 21 William C Haydon Common Stock Buy Acquire P No Yes 5.1195 2,000 10.24K 2,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

15.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 36 28 +28.6%
Opened positions 13 28 -53.6%
Closed positions 5 0 NEW
Increased positions 11 0 NEW
Reduced positions 6 0 NEW
13F shares
Current Prev Q Change
Total value 23.17M 14.17M +63.6%
Total shares 4.33M 2.71M +59.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 924.08K $4.94M +30.9%
Bard Associates 613.85K $3.28M +2.0%
Renaissance Technologies 591.54K $3.17M +203.9%
BLK Blackrock 422.07K $2.26M -14.3%
Two Sigma Advisers 315.7K $1.69M NEW
Two Sigma Investments 252.46K $1.35M NEW
Concorde Asset Management 218.7K $1.17M NEW
Geode Capital Management 173.39K $927K +71.7%
Arrowstreet Capital, Limited Partnership 138.99K $744K NEW
Ahrens Investment Partners 120K $642K -40.3%
Largest transactions
Shares Bought/sold Change
Renaissance Technologies 591.54K +396.87K +203.9%
Two Sigma Advisers 315.7K +315.7K NEW
Two Sigma Investments 252.46K +252.46K NEW
Concorde Asset Management 218.7K +218.7K NEW
Vanguard 924.08K +218.1K +30.9%
Arrowstreet Capital, Limited Partnership 138.99K +138.99K NEW
STT State Street 103.78K +93.08K +869.9%
Ahrens Investment Partners 120K -81K -40.3%
Geode Capital Management 173.39K +72.39K +71.7%
BLK Blackrock 422.07K -70.48K -14.3%

Financial report summary

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Management Discussion
  • Total revenue for the three months ended June 30, 2021 was approximately $6.7 million compared to approximately $4.3 million for the three months ended June 30, 2020, an increase of approximately $2.4 million, or 56.0%. The increase in revenue is primarily attributable to the growth in our lending operations. For the 2021 period, interest income was approximately $4.7 million compared to approximately $3.3 million for the 2020 period, representing an increase of approximately $1.4 million or 43.4%. Origination fees increased to approximately $832,000 for the 2021 period compared to approximately $647,000 for the 2020 period. Investment income for the 2021 period was $180,000 compared to approximately $33,000 for the 2020 period. This increase reflects reflects both a larger investment portfolio and more favorable market conditions during 2021. In the 2021 period we had $85,000 of gains from the sale of investment securities compared to a loss of approximately $8,900 for the 2020 period. Other income was approximately $543,000 for the 2021 period compared to approximately $283,000 for the 2020 period, an increase of approximately $260,000, or 92.0%. Finally, in the 2021 period we recognized gain on the extinguishment of debt of $257,845.
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