USEA stock icon

United Maritime

2.23 USD
-0.10
4.29%
At close Nov 1, 4:00 PM EDT
1 day
-4.29%
5 days
-6.69%
1 month
-12.89%
3 months
-12.55%
6 months
-8.98%
Year to date
-12.55%
1 year
5.19%
5 years
-23.10%
 

About: United Maritime Corp operates as a shipping company currently specializing in the seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, two Kamsarmax dry bulk vessels, and three Panamax dry bulk vessels, with an aggregate cargo-carrying capacity of approximately 1,004,289 dwt.

Employees: 5

0
Funds holding %
of 6,759 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

200% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 1

27% more funds holding

Funds holding: 11 [Q1] → 14 (+3) [Q2]

16% more capital invested

Capital invested by funds: $330K [Q1] → $385K (+$54.3K) [Q2]

0.18% more ownership

Funds ownership: 1.47% [Q1] → 1.65% (+0.18%) [Q2]

Research analyst outlook

We haven’t received any recent analyst ratings for USEA.

Financial journalist opinion

Neutral
GlobeNewsWire
8 months ago
United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share
Highlights   Quarterly   Full Year (in million USD except EPS)   Q4 2023 Q4 2022   FY 2023 FY 2022 1 Net Revenues   $11.6  $14.9   $36.1 $22.8 Net (Loss) / Income   ($0.7) $36.5   $0.2 $37.5 Adjusted Net (Loss) / Income2   ($0.6) $39.8   $2.8 $40.9 EBITDA2   $4.4  $38.9   $16.3 $41.8 Adjusted EBITDA2   $4.6  $42.3   $18.9 $45.2               (Loss) / Earnings per Share (EPS) Basic   ($0.08) $4.86    $0.02 $7.79 (Loss) / Earnings per Share (EPS) Diluted   ($0.08) $3.55   $0.02 $4.92  Adjusted (Loss) / Earnings per share Basic2   ($0.07) $5.36   $0.33 $8.54  Adjusted (Loss) / Earnings per share Diluted2   ($0.07) $3.90   $0.33 $5.39    Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q4 2023, an 11% annualized dividend yield 3 Total cash dividends of $10.7 million, or $1.375 per share, declared since November 2022 representing approximately 45% of United's market capitalization 3 Total buybacks of approximately $6.7 million in common shares at an average price of $1.87 per share since Q3 2022 Total investments of $144 million 4 in 2023 for the acquisition of seven dry bulk vessels and $37.5 million proceeds from the sale of our last tanker vessel $30.0 million in refinancings completed in Q4 2023 adding $6.8 million in extra liquidity, with another $13.8 million sale and leaseback agreed in Q1 2024 Agreement to acquire a modern Japanese Kamsarmax, through an 18-month bareboat charter with purchase option GLYFADA, Greece, Feb. 20, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the fourth quarter and twelve months ended December 31, 2023. The Company also declared a quarterly cash dividend of $0.075 per common share for the fourth quarter of 2023.
United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share
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