United Maritime (NASDAQ:USEA) Insider Sells $10,400.00 in Stock

United Maritime Corporation (NASDAQ:USEA) insider Stavros Gyftakis sold 5,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $2.08, for a total value of $10,400.00. Following the completion of the transaction, the insider owned 251,678 shares of the company’s stock, valued at approximately $523,490.24. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

United Maritime Stock Down 1.5%

United Maritime stock traded down $0.03 on Wednesday, hitting $2.02. 32,187 shares of the stock traded hands, compared to its average volume of 81,291. United Maritime Corporation has a 1 year low of $1.00 and a 1 year high of $2.28. The firm has a market cap of $18.33 million, a P/E ratio of -2.85 and a beta of 0.80. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $1.97 and its 200 day simple moving average is $1.81.

United Maritime (NASDAQ:USEA) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.09). United Maritime had a negative return on equity of 7.86% and a negative net margin of 16.50%.The business had revenue of $6.59 million during the quarter, compared to the consensus estimate of $8.30 million.

United Maritime Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.10 per share. This is a positive change from United Maritime’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 19.8%. The ex-dividend date of this dividend is Friday, March 27th. United Maritime’s payout ratio is -56.34%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded United Maritime from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On United Maritime

A hedge fund recently bought a new stake in United Maritime stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of United Maritime Corporation (NASDAQ:USEA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 34,250 shares of the company’s stock, valued at approximately $56,000. Elevation Point Wealth Partners LLC owned about 0.37% of United Maritime as of its most recent filing with the SEC. 1.63% of the stock is owned by institutional investors.

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.