United Maritime (NASDAQ:USEA) Trading Up 2.4%

Shares of United Maritime Co. (NASDAQ:USEA) shot up 2.4% during mid-day trading on Tuesday . The stock traded as high as 2.55 and last traded at 2.53. 36,700 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 49,645 shares. The stock had previously closed at 2.47.

United Maritime Price Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 0.36 and a quick ratio of 0.35. The stock has a market capitalization of $21.99 million, a P/E ratio of -14.06 and a beta of 0.55. The stock’s fifty day moving average is 2.62 and its 200-day moving average is 2.52.

United Maritime (NASDAQ:USEA) last released its quarterly earnings results on Tuesday, February 20th. The company reported -0.07 earnings per share (EPS) for the quarter. The company had revenue of 11.55 million for the quarter. United Maritime had a positive return on equity of 0.02% and a negative net margin of 0.25%.

United Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.30 annualized dividend and a yield of 11.86%. United Maritime’s dividend payout ratio (DPR) is presently -166.67%.

Hedge Funds Weigh In On United Maritime

A hedge fund recently bought a new stake in United Maritime stock. Advisor OS LLC acquired a new stake in United Maritime Co. (NASDAQ:USEA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,238 shares of the company’s stock, valued at approximately $55,000. Advisor OS LLC owned 0.25% of United Maritime at the end of the most recent quarter. 1.63% of the stock is currently owned by institutional investors.

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.