United Maritime (NASDAQ:USEA) Research Coverage Started at Maxim Group

Maxim Group began coverage on shares of United Maritime (NASDAQ:USEA) in a research report report published on Wednesday, Benzinga reports. The firm issued a buy rating and a $6.00 target price on the stock.

United Maritime Price Performance

Shares of NASDAQ:USEA opened at 2.60 on Wednesday. The business has a 50 day moving average price of 2.62 and a 200 day moving average price of 2.62. United Maritime has a twelve month low of 2.01 and a twelve month high of 3.00. The company has a market cap of $22.59 million, a price-to-earnings ratio of 8.39 and a beta of 0.58. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 1.46.

United Maritime (NASDAQ:USEA) last announced its earnings results on Friday, May 24th. The company reported -0.15 earnings per share for the quarter. United Maritime had a net margin of 8.02% and a return on equity of 5.68%. The business had revenue of 10.60 million for the quarter.

United Maritime Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.30 annualized dividend and a yield of 11.54%. United Maritime’s payout ratio is 96.77%.

Institutional Trading of United Maritime

A hedge fund recently bought a new stake in United Maritime stock. Advisor OS LLC acquired a new position in United Maritime Co. (NASDAQ:USEA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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 hedge funds and other 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.