United Maritime (NASDAQ:USEA) Insider Sells $13,450.00 in Stock

United Maritime Corporation (NASDAQ:USEA) insider Stavros Gyftakis sold 5,000 shares of United Maritime stock in a transaction on Monday, October 5th. The shares were sold at an average price of $2.69, for a total value of $13,450.00. Following the completion of the sale, the insider directly owned 241,678 shares of the company’s stock, valued at $650,113.82. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

United Maritime Trading Down 4.2%

USEA stock opened at $2.54 on Friday. The business has a fifty day moving average of $2.81 and a 200-day moving average of $2.54. The company has a market cap of $24.23 million, a P/E ratio of -12.70 and a beta of 0.82. United Maritime Corporation has a twelve month low of $1.42 and a twelve month high of $3.20. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.45.

United Maritime (NASDAQ:USEA) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.12. The firm had revenue of $9.99 million during the quarter, compared to analyst estimates of $9.80 million. United Maritime had a positive return on equity of 2.31% and a negative net margin of 5.07%.

United Maritime Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 15.7%. The ex-dividend date of this dividend was Friday, September 25th. United Maritime’s dividend payout ratio (DPR) is -200.00%.

Wall Street Analyst Weigh In

USEA has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. Wall Street Zen raised shares of United Maritime to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, United Maritime has a consensus rating of “Sell”.

Hedge Funds Weigh In On United Maritime

An institutional investor recently bought a new stake in United Maritime stock. NewEdge Advisors LLC bought a new position in shares of United Maritime Corporation (NASDAQ:USEA) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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. Institutional investors own 1.63% of the company’s stock.

United Maritime Company Profile

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.