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

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

United-Guardian Price Performance

NASDAQ UG opened at $9.90 on Thursday. United-Guardian has a 12 month low of $7.02 and a 12 month high of $16.25. The company has a 50-day moving average of $10.49 and a 200-day moving average of $11.49. The company has a market cap of $45.48 million, a P/E ratio of 13.03 and a beta of 0.73.

United-Guardian Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 14.14%. United-Guardian’s dividend payout ratio is presently 92.11%.

Institutional Trading of United-Guardian

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Heron Bay Capital Management acquired a new stake in shares of United-Guardian in the fourth quarter valued at about $135,000. United Capital Financial Advisors LLC acquired a new stake in United-Guardian in the fourth quarter valued at approximately $192,000. Northern Trust Corp raised its stake in shares of United-Guardian by 69.5% during 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 during the period. Geode Capital Management LLC lifted its position in shares of United-Guardian by 10.3% during the fourth quarter. Geode Capital Management LLC now owns 31,264 shares of the company’s stock worth $302,000 after purchasing an additional 2,929 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of United-Guardian by 4.3% in 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 period. Institutional investors and hedge funds own 23.16% of the company’s stock.

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.