Key Points
- Insider Stavros Gyftakis sold 5,000 shares at an average price of $2.08 on April 6 for $10,400, reducing his holding to 251,678 shares (a 1.95% decrease).
- United Maritime raised its quarterly dividend to $0.10 (annualized $0.40), implying a 19.8% yield; the ex-dividend and record dates were March 27 and the payment is scheduled for April 10.
- The company missed quarterly expectations, reporting a ($0.17) EPS vs. a ($0.08) consensus and revenue of $6.59M vs. $8.30M, and showing negative return on equity and net margin.
United Maritime Corporation (NASDAQ:USEA - Get Free Report) insider Stavros Gyftakis sold 5,000 shares of the firm's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $2.08, for a total transaction of $10,400.00. Following the completion of the transaction, the insider directly owned 251,678 shares in the company, valued at approximately $523,490.24. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
United Maritime Stock Performance
NASDAQ:USEA opened at $2.02 on Thursday. The company's 50-day moving average price is $1.97 and its 200-day moving average price is $1.81. 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 company has a market cap of $18.32 million, a P/E ratio of -2.85 and a beta of 0.80. United Maritime Corporation has a twelve month low of $1.00 and a twelve month high of $2.28.
United Maritime (NASDAQ:USEA - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.09). The business had revenue of $6.59 million during the quarter, compared to analysts' expectations of $8.30 million. United Maritime had a negative return on equity of 7.86% and a negative net margin of 16.50%.
United Maritime Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.10 dividend. This is an increase from United Maritime's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend 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%.
Hedge Funds Weigh In On United Maritime
An institutional investor recently raised its position in United Maritime stock. Renaissance Technologies LLC boosted its position in shares of United Maritime Corporation (NASDAQ:USEA - Free Report) by 638.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,300 shares of the company's stock after purchasing an additional 65,100 shares during the period. Renaissance Technologies LLC owned approximately 0.82% of United Maritime worth $128,000 at the end of the most recent quarter. 1.63% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of United Maritime from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, February 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, United Maritime has an average rating of "Hold".
Check Out Our Latest Stock Report on United Maritime
United Maritime Company Profile
(
Get Free Report)
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.
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