StockNews.com Begins Coverage on United-Guardian (NASDAQ:UG)

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

United-Guardian Stock Performance

UG opened at $10.18 on Tuesday. United-Guardian has a 1 year low of $7.02 and a 1 year high of $16.25. The company’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $11.80. The stock has a market capitalization of $46.76 million, a PE ratio of 13.39 and a beta of 0.73.

United-Guardian Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, February 10th. This represents a $1.40 annualized dividend and a dividend yield of 13.75%. United-Guardian’s dividend payout ratio is presently 92.11%.

Institutional Investors Weigh In On United-Guardian

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in United-Guardian by 4.3% during the fourth quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock worth $1,818,000 after buying an additional 7,800 shares during the period. Geode Capital Management LLC raised its stake in shares of United-Guardian by 10.3% in the 4th quarter. Geode Capital Management LLC now owns 31,264 shares of the company’s stock valued at $302,000 after acquiring an additional 2,929 shares during the period. Northern Trust Corp lifted its holdings in shares of United-Guardian by 69.5% during the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock valued at $244,000 after acquiring an additional 10,466 shares in the last quarter. United Capital Financial Advisors LLC purchased a new stake in United-Guardian during the 4th quarter worth $192,000. Finally, Heron Bay Capital Management acquired a new stake in United-Guardian in the 4th quarter valued at $135,000. Hedge funds and other institutional investors 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.