United Maritime (NASDAQ:USEA) Shares Down 1%

United Maritime Co. (NASDAQ:USEA)’s stock price dropped 1% on Wednesday . The stock traded as low as $2.52 and last traded at $2.53. Approximately 38,496 shares traded hands during trading, a decline of 13% from the average daily volume of 44,108 shares. The stock had previously closed at $2.55.

Analyst Upgrades and Downgrades

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

United Maritime Trading Down 1.0 %

The firm has a market cap of $21.94 million, a P/E ratio of 8.15 and a beta of 0.54. The business’s 50 day moving average is $2.55 and its 200-day moving average is $2.61. 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 (NASDAQ:USEA) last issued its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). United Maritime had a net margin of 15.63% and a return on equity of 11.26%. The company had revenue of $12.44 million during the quarter.

United Maritime Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be paid 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 yield of 11.88%. United Maritime’s payout ratio is 96.77%.

Institutional Trading of United Maritime

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

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.