United Maritime (NASDAQ:USEA) Shares Down 0.5% – Time to Sell?

United Maritime Co. (NASDAQ:USEA)’s share price traded down 0.5% during mid-day trading on Friday . The company traded as low as $1.84 and last traded at $1.84. 19,173 shares were traded during trading, a decline of 37% from the average session volume of 30,326 shares. The stock had previously closed at $1.85.

United Maritime Stock Down 0.5 %

The business has a 50-day moving average price of $1.81 and a 200-day moving average price of $2.19. The company has a market capitalization of $16.28 million, a price-to-earnings ratio of -7.08 and a beta of 0.53. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.62.

United Maritime (NASDAQ:USEA) last announced its earnings results on Tuesday, November 26th. The company reported ($0.06) earnings per share (EPS) for the quarter. United Maritime had a negative return on equity of 2.76% and a negative net margin of 4.96%.

United Maritime Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 16.30%. The ex-dividend date of this dividend was Friday, December 27th. United Maritime’s payout ratio is -115.38%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in United Maritime stock. Jane Street Group LLC bought a new position in United Maritime Co. (NASDAQ:USEA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,415 shares of the company’s stock, valued at approximately $39,000. Jane Street Group LLC owned about 0.25% of United Maritime at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.63% of the company’s stock.

About United Maritime

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.