United Maritime Co. (NASDAQ:USEA) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of United Maritime Co. (NASDAQ:USEA) by 27.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,914 shares of the company’s stock after purchasing an additional 20,514 shares during the quarter. Renaissance Technologies LLC owned approximately 1.10% of United Maritime worth $249,000 at the end of the most recent quarter.

United Maritime Stock Up 1.0 %

United Maritime stock opened at $2.50 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.46 and a current ratio of 0.47. The firm has a 50 day moving average price of $2.54 and a 200 day moving average price of $2.57. United Maritime Co. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The company has a market capitalization of $22.13 million, a PE ratio of 3.33 and a beta of 0.53.

United Maritime (NASDAQ:USEA) last released its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The business had revenue of $12.44 million for the quarter. United Maritime had a return on equity of 11.26% and a net margin of 15.63%.

United Maritime Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date of this dividend was Friday, September 27th. United Maritime’s dividend payout ratio (DPR) is 40.00%.

Analysts Set New Price Targets

Separately, Maxim Group upgraded United Maritime to a “strong-buy” rating in a research report on Thursday, June 27th.

United Maritime Profile

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.