United Maritime (NASDAQ:USEA) Coverage Initiated by Analysts at Maxim Group

Maxim Group initiated coverage on shares of United Maritime (NASDAQ:USEA) in a research note published on Wednesday, Benzinga reports. The firm issued a buy rating and a $6.00 price target on the stock.

United Maritime Trading Down 0.4 %

NASDAQ USEA opened at 2.61 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.35 and a current ratio of 0.36. The firm has a market cap of $22.68 million, a PE ratio of 8.42 and a beta of 0.58. United Maritime has a one year low of 2.01 and a one year high of 3.00. The firm’s fifty day moving average is 2.61 and its two-hundred day moving average is 2.62.

United Maritime (NASDAQ:USEA) last posted its quarterly earnings data on Friday, May 24th. The company reported -0.15 EPS for the quarter. The business had revenue of 10.60 million during the quarter. United Maritime had a net margin of 8.02% and a return on equity of 5.68%.

United Maritime Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be paid a dividend of $0.075 per share. The ex-dividend date is Tuesday, June 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 11.49%. United Maritime’s dividend payout ratio (DPR) is 96.77%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in United Maritime stock. Advisor OS LLC bought a new position in shares of United Maritime Co. (NASDAQ:USEA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,238 shares of the company’s stock, valued at approximately $55,000. Advisor OS LLC owned 0.25% of United Maritime at the end of the most recent quarter. 1.63% of the stock is currently owned by institutional investors.

United Maritime Company Profile

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.