United Maritime (NASDAQ:USEA) Stock Price Up 0.9% – What’s Next?

Shares of United Maritime Co. (NASDAQ:USEA) traded up 0.9% during trading on Tuesday . The company traded as high as $1.20 and last traded at $1.16. 9,697 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 46,004 shares. The stock had previously closed at $1.15.

United Maritime Stock Up 0.9 %

The business’s 50-day moving average is $1.54 and its two-hundred day moving average is $1.85. The firm has a market capitalization of $10.26 million, a price-to-earnings ratio of -4.46 and a beta of 0.80. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a $0.01 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.04 annualized dividend and a yield of 3.45%. United Maritime’s dividend payout ratio (DPR) is presently -10.26%.

Hedge Funds Weigh In On United Maritime

An institutional investor recently raised its position in United Maritime stock. Squarepoint Ops LLC boosted its holdings in shares of United Maritime Co. (NASDAQ:USEA) by 100.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,201 shares of the company’s stock after acquiring an additional 18,117 shares during the period. Squarepoint Ops LLC owned approximately 0.41% of United Maritime worth $62,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.63% of the company’s stock.

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.