United Maritime (NASDAQ:USEA) Trading 2.2% Higher – What’s Next?

United Maritime Corporation (NASDAQ:USEA) shares rose 2.2% on Friday . The company traded as high as $2.79 and last traded at $2.77. 81,048 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 55,113 shares. The stock had previously closed at $2.71.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of United Maritime in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, United Maritime presently has an average rating of “Sell”.

United Maritime Price Performance

The company has a market cap of $26.43 million, a P/E ratio of -13.85 and a beta of 0.81. The company has a fifty day moving average price of $2.65 and a two-hundred day moving average price of $2.32. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 0.96.

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

United Maritime Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.4%. United Maritime’s dividend payout ratio is currently -200.00%.

Institutional Investors Weigh In On United Maritime

Several large investors have recently made changes to their positions in USEA. NewEdge Advisors LLC bought a new position in shares of United Maritime in the first quarter valued at $53,000. Renaissance Technologies LLC raised its position in United Maritime by 208.8% during the first quarter. Renaissance Technologies LLC now owns 232,535 shares of the company’s stock worth $470,000 after acquiring an additional 157,235 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in United Maritime in the third quarter valued at $56,000. Institutional investors and hedge funds own 1.63% of the company’s stock.

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.