United Maritime (NASDAQ:USEA) Shares Down 0% – Here’s Why

Shares of United Maritime Co. (NASDAQ:USEA) dropped 0% during trading on Wednesday . The stock traded as low as $1.68 and last traded at $1.73. Approximately 93,737 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 49,044 shares. The stock had previously closed at $1.73.

United Maritime Trading Down 0.0 %

The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.62. The company’s fifty day moving average price is $2.03 and its two-hundred day moving average price is $2.37. The firm has a market cap of $15.31 million, a PE ratio of -6.65 and a beta of 0.44.

United Maritime Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 17.34%. United Maritime’s dividend payout ratio is presently -115.38%.

Institutional Investors Weigh In On United Maritime

An institutional investor recently raised its position in United Maritime stock. Renaissance Technologies LLC increased its position in shares of United Maritime Co. (NASDAQ:USEA) by 27.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 1.10% of United Maritime worth $249,000 as of its most recent filing with the SEC. Institutional investors own 1.63% of the company’s stock.

United Maritime Company 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.