Key Points
- United Maritime insider Stavros Gyftakis sold 5,000 shares at an average price of $2.69, generating $13,450 and reducing his direct holdings by 2.03% to 241,678 shares.
- The stock opened at $2.61 and has traded between $1.42 and $3.20 over the past year. The company recently exceeded quarterly earnings expectations, reporting $0.15 in EPS and $9.99 million in revenue.
- United Maritime declared a quarterly dividend of $0.10 per share, equivalent to a 15.3% annualized yield, while its sole tracked analyst rating remains Sell.
United Maritime Corporation (NASDAQ:USEA - Get Free Report) insider Stavros Gyftakis sold 5,000 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $2.69, for a total transaction of $13,450.00. Following the completion of the sale, the insider directly owned 241,678 shares in the company, valued at approximately $650,113.82. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
United Maritime Trading Down 2.2%
United Maritime stock opened at $2.61 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $2.81 and a two-hundred day moving average price of $2.53. The firm has a market capitalization of $24.90 million, a price-to-earnings ratio of -13.05 and a beta of 0.82. United Maritime Corporation has a 52-week low of $1.42 and a 52-week high of $3.20.
United Maritime (NASDAQ:USEA - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.03 by $0.12. United Maritime had a negative net margin of 5.07% and a positive return on equity of 2.31%. The firm had revenue of $9.99 million during the quarter, compared to analysts' expectations of $9.80 million.
United Maritime Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 25th. This represents a $0.40 annualized dividend and a dividend yield of 15.3%. United Maritime's payout ratio is currently -200.00%.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d)" rating on shares of United Maritime in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
View Our Latest Stock Report on United Maritime
Hedge Funds Weigh In On United Maritime
A hedge fund recently bought a new position in United Maritime stock. NewEdge Advisors LLC bought a new stake in shares of United Maritime Corporation (NASDAQ:USEA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,332 shares of the company's stock, valued at approximately $53,000. NewEdge Advisors LLC owned 0.28% of United Maritime at the end of the most recent quarter. 1.63% of the stock is owned by hedge funds and other institutional investors.
About United Maritime
(
Get Free Report)
United Maritime Corporation is a global shipping company focused on the ownership and operation of oceangoing vessels. The company's activities primarily center on transporting dry bulk commodities and petroleum products through a fleet of dry bulk carriers and tankers.
Its dry bulk vessels serve international trade in commodities such as iron ore, coal, grain and other raw materials, while its tanker operations support the transportation of crude oil and refined petroleum products. United Maritime charters its vessels to customers and commercial counterparties in global shipping markets.
The company is incorporated in the Marshall Islands and operates from Greece, serving international routes and markets.
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