Heron Bay Capital Management Invests $135,000 in United-Guardian, Inc. (NASDAQ:UG)

Heron Bay Capital Management purchased a new position in shares of United-Guardian, Inc. (NASDAQ:UG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,966 shares of the company’s stock, valued at approximately $135,000. Heron Bay Capital Management owned approximately 0.30% of United-Guardian at the end of the most recent reporting period.

Separately, Geode Capital Management LLC grew its holdings in shares of United-Guardian by 8.3% during the third quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock worth $450,000 after buying an additional 2,170 shares in the last quarter. 23.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of United-Guardian in a research report on Thursday. They issued a “buy” rating on the stock.

United-Guardian Stock Performance

UG opened at $9.61 on Friday. The company’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $11.44. United-Guardian, Inc. has a 1 year low of $7.02 and a 1 year high of $16.25. The stock has a market capitalization of $44.15 million, a PE ratio of 12.64 and a beta of 0.73.

United-Guardian (NASDAQ:UG) last released its earnings results on Friday, March 21st. The company reported $0.11 earnings per share (EPS) for the quarter. United-Guardian had a net margin of 28.30% and a return on equity of 30.25%. The business had revenue of $2.48 million for the quarter.

United-Guardian Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.40 dividend on an annualized basis and a yield of 14.57%. United-Guardian’s dividend payout ratio (DPR) is 92.11%.

United-Guardian Company Profile

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.