United Maritime’s (USEA) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d+) rating on shares of United Maritime (NASDAQ:USEA) in a report released on Wednesday morning,Weiss Ratings reports.

United Maritime Trading Down 6.4%

NASDAQ USEA opened at $1.61 on Wednesday. United Maritime has a 12 month low of $1.00 and a 12 month high of $2.53. The company has a 50-day moving average of $1.65 and a 200-day moving average of $1.47. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.49 and a quick ratio of 0.46. The company has a market cap of $14.81 million, a P/E ratio of -2.24 and a beta of 0.91.

United Maritime (NASDAQ:USEA) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.16. United Maritime had a negative net margin of 14.64% and a negative return on equity of 9.88%. The company had revenue of $12.47 million during the quarter, compared to the consensus estimate of $10.70 million.

United Maritime Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, August 18th were issued a $0.03 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.12 annualized dividend and a yield of 7.5%. United Maritime’s dividend payout ratio (DPR) is presently -16.67%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in United Maritime stock. Squarepoint Ops LLC boosted its holdings in United Maritime Corporation (NASDAQ:USEA) by 100.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,201 shares of the company’s stock after buying an additional 18,117 shares during the period. Squarepoint Ops LLC owned approximately 0.41% of United Maritime worth $62,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.63% of the company’s stock.

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.