United Maritime (NASDAQ:USEA) Trading 0.6% Higher

United Maritime Co. (NASDAQ:USEA)’s share price traded up 0.6% during trading on Friday . The stock traded as high as $2.68 and last traded at $2.67. 16,257 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 42,704 shares. The stock had previously closed at $2.66.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded United Maritime to a “strong-buy” rating in a research report on Thursday, June 27th.

United Maritime Price Performance

The stock has a market cap of $23.22 million, a price-to-earnings ratio of 8.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.47 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $2.54 and its two-hundred day simple moving average is $2.60.

United Maritime (NASDAQ:USEA) last issued its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). The business had revenue of $12.44 million for the quarter. United Maritime had a net margin of 15.63% and a return on equity of 11.26%.

United Maritime Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.30 annualized dividend and a dividend yield of 11.24%. United Maritime’s dividend payout ratio (DPR) is presently 96.77%.

Institutional Trading of United Maritime

An institutional investor recently raised its position in United Maritime stock. Renaissance Technologies LLC grew its position in United Maritime Co. (NASDAQ:USEA) by 27.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,914 shares of the company’s stock after purchasing an additional 20,514 shares during the period. Renaissance Technologies LLC owned about 1.10% of United Maritime worth $249,000 as of its most recent filing with the SEC. 1.63% of the stock is owned by hedge funds and other 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.