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

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 transaction of $13,450.00. Following the transaction, the insider owned 241,678 shares in the company, valued at $650,113.82. The trade was a 2.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

United Maritime Stock Up 1.5%

Shares of NASDAQ USEA opened at $2.65 on Friday. United Maritime Corporation has a 12-month low of $1.42 and a 12-month high of $3.20. The company has a market cap of $25.28 million, a P/E ratio of -13.25 and a beta of 0.82. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. The stock has a fifty day moving average price of $2.81 and a 200 day moving average price of $2.54.

United Maritime (NASDAQ:USEA) last issued 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. United Maritime had a positive return on equity of 2.31% and a negative net margin of 5.07%.The company had revenue of $9.99 million for the quarter, compared to analysts’ expectations of $9.80 million.

United Maritime Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.40 annualized dividend and a yield of 15.1%. United Maritime’s payout ratio is -200.00%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in United Maritime stock. NewEdge Advisors LLC lifted its position in United Maritime Corporation (NASDAQ:USEA) by 208.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,105 shares of the company’s stock after acquiring an additional 54,773 shares during the quarter. NewEdge Advisors LLC owned 0.85% of United Maritime worth $213,000 as of its most recent SEC filing. 1.63% of the stock is owned by institutional investors and hedge funds.

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.