United Maritime (NASDAQ:USEA) Shares Down 0% – Here’s What Happened

United Maritime Co. (NASDAQ:USEA) shares were down 0% on Wednesday . The company traded as low as $1.68 and last traded at $1.73. Approximately 93,737 shares traded hands during trading, an increase of 91% from the average daily volume of 49,044 shares. The stock had previously closed at $1.73.

United Maritime Trading Down 0.0 %

The stock has a market cap of $15.31 million, a price-to-earnings ratio of -6.65 and a beta of 0.44. The business has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $2.37. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.46 and a current ratio of 0.47.

United Maritime Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 17.34%. United Maritime’s dividend payout ratio (DPR) is presently -115.38%.

Hedge Funds Weigh In On United Maritime

An institutional investor recently raised its position in United Maritime stock. Renaissance Technologies LLC lifted its stake in shares of United Maritime Co. (NASDAQ:USEA) by 27.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,914 shares of the company’s stock after acquiring an additional 20,514 shares during the period. Renaissance Technologies LLC owned 1.10% of United Maritime worth $249,000 as of its most recent SEC filing. Institutional investors own 1.63% of the company’s stock.

About United Maritime

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.