United Maritime (NASDAQ:USEA) Insider Stavros Gyftakis Sells 5,000 Shares of Stock

United Maritime Corporation (NASDAQ:USEA) insider Stavros Gyftakis sold 5,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $2.08, for a total transaction of $10,400.00. Following the transaction, the insider directly owned 251,678 shares in the company, valued at approximately $523,490.24. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

United Maritime Stock Performance

USEA opened at $2.02 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 1.15. The company has a market cap of $18.32 million, a price-to-earnings ratio of -2.85 and a beta of 0.80. United Maritime Corporation has a 52-week low of $1.00 and a 52-week high of $2.28. The firm’s fifty day simple moving average is $1.97 and its two-hundred day simple moving average is $1.81.

United Maritime (NASDAQ:USEA) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.09). The company had revenue of $6.59 million for the quarter, compared to analysts’ expectations of $8.30 million. United Maritime had a negative net margin of 16.50% and a negative return on equity of 7.86%.

United Maritime Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from United Maritime’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 19.8%. United Maritime’s payout ratio is -56.34%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of United Maritime from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On United Maritime

A hedge fund recently raised its stake in United Maritime stock. Renaissance Technologies LLC lifted its holdings in United Maritime Corporation (NASDAQ:USEA) by 638.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,300 shares of the company’s stock after buying an additional 65,100 shares during the period. Renaissance Technologies LLC owned approximately 0.82% of United Maritime worth $128,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.63% of the company’s stock.

About United Maritime

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.