United Maritime (NASDAQ:USEA) Stock Price Up 0.8% – What’s Next?

United Maritime Corporation (NASDAQ:USEA)’s share price rose 0.8% on Friday . The stock traded as high as $2.68 and last traded at $2.63. Approximately 44,425 shares changed hands during trading, a decline of 28% from the average daily volume of 61,327 shares. The stock had previously closed at $2.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of United Maritime from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

United Maritime Price Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 0.68 and a quick ratio of 0.67. The stock has a market capitalization of $25.09 million, a P/E ratio of -13.15 and a beta of 0.82. The company’s 50 day simple moving average is $2.29 and its two-hundred day simple moving average is $2.02.

United Maritime (NASDAQ:USEA) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.14. The firm had revenue of $7.95 million for the quarter, compared to analysts’ expectations of $8.10 million. United Maritime had a negative net margin of 4.90% and a positive return on equity of 0.18%.

United Maritime Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date is Monday, June 29th. United Maritime’s dividend payout ratio is presently -200.00%.

Hedge Funds Weigh In On United Maritime

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of United Maritime during the first quarter worth approximately $53,000. Elevation Point Wealth Partners LLC acquired a new position in shares of United Maritime during the third quarter worth approximately $56,000. Finally, Renaissance Technologies LLC lifted its position in shares of United Maritime by 638.2% during the fourth quarter. Renaissance Technologies LLC now owns 75,300 shares of the company’s stock worth $128,000 after purchasing an additional 65,100 shares in the last quarter. 1.63% of the stock is currently owned by institutional investors and hedge funds.

United Maritime Company Profile

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.