United Maritime (NASDAQ:USEA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of United Maritime (NASDAQ:USEA) to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

United Maritime Price Performance

Shares of NASDAQ:USEA opened at $2.66 on Friday. The company’s fifty day moving average price is $2.81 and its 200-day moving average price is $2.55. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.96 and a quick ratio of 0.94. The firm has a market capitalization of $25.38 million, a price-to-earnings ratio of -13.30 and a beta of 0.82. United Maritime has a one year low of $1.42 and a one year high of $3.20.

United Maritime (NASDAQ:USEA) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.12. United Maritime had a negative net margin of 5.07% and a positive return on equity of 2.31%. The company had revenue of $9.99 million during the quarter, compared to the consensus estimate of $9.80 million.

United Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.40 annualized dividend and a yield of 15.0%. United Maritime’s dividend payout ratio is currently -200.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in United Maritime stock. NewEdge Advisors LLC acquired a new position in United Maritime Corporation (NASDAQ:USEA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,332 shares of the company’s stock, valued at approximately $53,000. NewEdge Advisors LLC owned about 0.28% of United Maritime as of its most recent filing with the Securities and Exchange Commission. 1.63% of the stock is owned by hedge funds and other institutional investors.

United Maritime Company Profile

United Maritime Corporation is a global shipping company focused on the ownership and operation of oceangoing vessels. The company’s activities primarily center on transporting dry bulk commodities and petroleum products through a fleet of dry bulk carriers and tankers.

Its dry bulk vessels serve international trade in commodities such as iron ore, coal, grain and other raw materials, while its tanker operations support the transportation of crude oil and refined petroleum products. United Maritime charters its vessels to customers and commercial counterparties in global shipping markets.

The company is incorporated in the Marshall Islands and operates from Greece, serving international routes and markets.