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

Analysts at StockNews.com started coverage on shares of United-Guardian (NASDAQ:UG) in a research note issued on Friday. The brokerage set a “buy” rating on the stock.

United-Guardian Stock Performance

UG opened at $9.15 on Friday. The stock’s 50 day moving average price is $10.32 and its 200-day moving average price is $11.27. United-Guardian has a one year low of $7.35 and a one year high of $16.25. The stock has a market cap of $42.04 million, a price-to-earnings ratio of 12.04 and a beta of 0.73.

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

Hedge Funds Weigh In On United-Guardian

Several large investors have recently made changes to their positions in UG. Renaissance Technologies LLC increased its stake in shares of 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 purchasing an additional 7,800 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 2,929 shares during the period. Northern Trust Corp raised its position 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 during the period. United Capital Financial Advisors LLC purchased a new position in United-Guardian during the fourth quarter worth about $192,000. Finally, Heron Bay Capital Management acquired a new stake in United-Guardian in the 4th quarter valued at approximately $135,000. 23.16% of the stock is currently owned by institutional investors and hedge funds.

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.