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

United Maritime Corporation (NASDAQ:USEA) insider Stavros Gyftakis sold 5,000 shares of the stock in a transaction that occurred 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 approximately $650,113.82. This represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

United Maritime Trading Down 2.2%

United Maritime stock traded down $0.06 during trading on Wednesday, reaching $2.61. 173,235 shares of the company were exchanged, compared to its average volume of 77,895. The stock’s 50 day simple moving average is $2.81 and its two-hundred day simple moving average is $2.53. The company has a market capitalization of $24.90 million, a P/E ratio of -13.05 and a beta of 0.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.96 and a quick ratio of 0.94. United Maritime Corporation has a 52-week low of $1.42 and a 52-week high of $3.20.

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

United Maritime Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.3%. United Maritime’s dividend payout ratio is currently -200.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of United Maritime in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On United Maritime

A hedge fund recently bought a new stake in United Maritime stock. NewEdge Advisors LLC purchased a new position in shares of United Maritime Corporation (NASDAQ:USEA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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.

About United Maritime

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.