United Maritime (NASDAQ:USEA) Earns Buy Rating from Analysts at Maxim Group

Maxim Group began coverage on shares of United Maritime (NASDAQ:USEA) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage issued a buy rating and a $6.00 target price on the stock.

United Maritime Price Performance

Shares of NASDAQ USEA opened at 2.60 on Wednesday. The firm has a market capitalization of $22.61 million, a PE ratio of 8.39 and a beta of 0.58. The business’s fifty day moving average price is 2.62 and its two-hundred day moving average price is 2.62. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.36 and a quick ratio of 0.35. United Maritime has a 1-year low of 2.01 and a 1-year high of 3.00.

United Maritime (NASDAQ:USEA) last announced its quarterly earnings data on Friday, May 24th. The company reported -0.15 earnings per share for the quarter. United Maritime had a return on equity of 5.68% and a net margin of 8.02%. The firm had revenue of 10.60 million for the quarter.

United Maritime Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 11.54%. The ex-dividend date is Tuesday, June 25th. United Maritime’s payout ratio is presently 96.77%.

Institutional Trading of United Maritime

A hedge fund recently bought a new stake in United Maritime stock. MJP Associates Inc. ADV bought a new position in shares of United Maritime Co. (NASDAQ:USEA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,238 shares of the company’s stock, valued at approximately $55,000. MJP Associates Inc. ADV owned 0.25% of United Maritime at the end of the most recent reporting period. Institutional investors and hedge funds 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.