United-Guardian (NASDAQ:UG) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of United-Guardian (NASDAQ:UG) in a research note released on Monday morning. The firm issued a buy rating on the stock.

United-Guardian Trading Up 1.8 %

UG stock opened at $10.37 on Monday. The firm has a 50 day moving average of $10.44 and a 200-day moving average of $11.84. United-Guardian has a 12 month low of $7.02 and a 12 month high of $16.25. The firm has a market capitalization of $47.64 million, a P/E ratio of 13.64 and a beta of 0.76.

United-Guardian Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a $0.35 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.40 annualized dividend and a dividend yield of 13.50%. United-Guardian’s payout ratio is currently 92.11%.

Hedge Funds Weigh In On United-Guardian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of United-Guardian by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock valued at $450,000 after acquiring an additional 2,170 shares during the last quarter. Northern Trust Corp raised its stake in United-Guardian by 69.5% in the fourth quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock valued at $244,000 after purchasing an additional 10,466 shares in the last quarter. Renaissance Technologies LLC lifted its position in United-Guardian by 4.3% during the fourth quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock valued at $1,818,000 after purchasing an additional 7,800 shares during the last quarter. United Capital Financial Advisors LLC purchased a new position in United-Guardian in the 4th quarter worth approximately $192,000. Finally, Heron Bay Capital Management bought a new position in shares of United-Guardian in the 4th quarter worth $135,000. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

About United-Guardian

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.