United-Guardian (NASDAQ:UG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of United-Guardian (NASDAQ:UG) in a research report released on Wednesday. The brokerage issued a buy rating on the stock.

United-Guardian Trading Up 1.3 %

Shares of NASDAQ UG opened at $9.83 on Wednesday. United-Guardian has a 12-month low of $7.02 and a 12-month high of $16.25. The stock has a market cap of $45.16 million, a PE ratio of 12.93 and a beta of 0.73. The company has a 50-day moving average of $10.50 and a 200 day moving average of $11.66.

United-Guardian Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.40 annualized dividend and a yield of 14.24%. United-Guardian’s dividend payout ratio is presently 92.11%.

Institutional Trading of United-Guardian

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of United-Guardian by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock valued at $450,000 after buying an additional 2,170 shares during the period. Northern Trust Corp grew its stake in shares of United-Guardian by 69.5% in the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock valued at $244,000 after buying an additional 10,466 shares during the period. Renaissance Technologies LLC boosted its position in shares of United-Guardian by 4.3% during the 4th quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock worth $1,818,000 after purchasing an additional 7,800 shares during the period. United Capital Financial Advisors LLC purchased a new position in shares of United-Guardian during the 4th quarter worth approximately $192,000. Finally, Heron Bay Capital Management purchased a new position in shares of United-Guardian during the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.