United Maritime Co. (NASDAQ:USEA) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in United Maritime Co. (NASDAQ:USEA) by 27.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 95,914 shares of the company’s stock after buying an additional 20,514 shares during the quarter. Renaissance Technologies LLC’s holdings in United Maritime were worth $249,000 as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

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

United Maritime Stock Performance

Shares of USEA opened at $2.50 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 0.66. United Maritime Co. has a 52-week low of $2.01 and a 52-week high of $3.00. The company has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.57. The company has a market capitalization of $22.13 million, a PE ratio of 3.33 and a beta of 0.53.

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

United Maritime Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 12.00%. The ex-dividend date was Friday, September 27th. United Maritime’s payout ratio is 40.00%.

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.