United Maritime (NASDAQ:USEA) Stock Price Down 1.6% – Here’s Why

United Maritime Corporation (NASDAQ:USEA) dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $1.80 and last traded at $1.80. Approximately 10,725 shares changed hands during trading, a decline of 80% from the average daily volume of 54,720 shares. The stock had previously closed at $1.83.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of United Maritime in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

United Maritime Trading Down 1.6%

The company has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $1.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.62. The stock has a market cap of $16.56 million, a P/E ratio of -3.60 and a beta of 0.89.

United Maritime (NASDAQ:USEA) last announced its earnings results on Friday, November 21st. The company reported $0.40 earnings per share for the quarter. United Maritime had a negative net margin of 10.18% and a negative return on equity of 6.57%. The company had revenue of $10.97 million during the quarter.

United Maritime Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were given a $0.09 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 20.0%. This is a positive change from United Maritime’s previous quarterly dividend of $0.03. United Maritime’s dividend payout ratio is -72.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in United Maritime stock. Elevation Point Wealth Partners LLC purchased a new position in United Maritime Corporation (NASDAQ:USEA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,250 shares of the company’s stock, valued at approximately $56,000. Elevation Point Wealth Partners LLC owned approximately 0.37% of United Maritime at the end of the most recent reporting period. 1.63% of the stock is owned by institutional investors.

About United Maritime

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.