Initiates Coverage on United-Guardian (NASDAQ:UG) began coverage on shares of United-Guardian (NASDAQ:UGGet Rating) in a research note published on Friday. The brokerage issued a buy rating on the stock.

United-Guardian Stock Down 1.1 %

UG opened at $15.93 on Friday. The business has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $18.70. United-Guardian has a 52 week low of $13.40 and a 52 week high of $26.09.

United-Guardian (NASDAQ:UGGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.20 EPS for the quarter. The firm had revenue of $3.89 million during the quarter. United-Guardian had a return on equity of 40.90% and a net margin of 30.50%.

United-Guardian Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date of this dividend was Friday, May 20th. United-Guardian’s dividend payout ratio (DPR) is 77.90%.

Hedge Funds Weigh In On United-Guardian

A number of large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in shares of United-Guardian in the 4th quarter worth approximately $72,000. UBS Group AG grew its holdings in shares of United-Guardian by 7.3% in the 1st quarter. UBS Group AG now owns 17,657 shares of the company’s stock worth $401,000 after acquiring an additional 1,207 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of United-Guardian in the 2nd quarter worth approximately $334,000. Neuberger Berman Group LLC grew its holdings in United-Guardian by 66.6% during the 1st quarter. Neuberger Berman Group LLC now owns 93,340 shares of the company’s stock valued at $2,123,000 after buying an additional 37,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in United-Guardian by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 107,356 shares of the company’s stock valued at $2,420,000 after buying an additional 1,694 shares during the last quarter.

United-Guardian Company Profile

(Get Rating)

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 line of water-based moisturizing and lubricating gel formulations; LUBRAJEL NATURAL consisting of natural ingredients for cosmetic use; LUBRAJEL MARINE; LUBRASIL II SB, a special formulation of LUBRAJEL in which silicone oil is incorporated into a LUBRAJEL base; LUBRAJEL II XD; B-122, a powdered lubricant that is used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; KLENSOFT, a surfactant, which is used in shampoos, shower gels, makeup removers, and other cosmetic formulations; and ORCHID COMPLEX, an oil-soluble base for skin creams, lotions, cleansers, and other cosmetics.

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