United Maritime (NASDAQ:USEA) Trading Up 1.1% – What’s Next?

United Maritime Co. (NASDAQ:USEA)’s stock price shot up 1.1% during trading on Thursday . The company traded as high as $1.85 and last traded at $1.85. 12,841 shares traded hands during trading, a decline of 67% from the average session volume of 38,596 shares. The stock had previously closed at $1.83.

United Maritime Price Performance

The company’s fifty day moving average price is $1.87 and its 200 day moving average price is $2.27. The company has a market capitalization of $16.20 million, a P/E ratio of -7.04 and a beta of 0.52. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.62.

United Maritime (NASDAQ:USEA) last issued its quarterly earnings results on Tuesday, November 26th. The company reported ($0.06) earnings per share for the quarter. United Maritime had a negative return on equity of 2.76% and a negative net margin of 4.96%.

United Maritime Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 16.39%. The ex-dividend date of this dividend was Friday, December 27th. United Maritime’s dividend payout ratio is currently -115.38%.

Hedge Funds Weigh In On United Maritime

A hedge fund recently raised its stake in United Maritime stock. Renaissance Technologies LLC increased its holdings in United Maritime Co. (NASDAQ:USEA) by 27.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,914 shares of the company’s stock after acquiring an additional 20,514 shares during the period. Renaissance Technologies LLC owned about 1.10% of United Maritime worth $249,000 at the end of the most recent quarter. 1.63% of the stock is currently owned by institutional investors.

About United Maritime

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.