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

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

United-Guardian Stock Up 1.6 %

Shares of NASDAQ UG opened at $11.26 on Friday. The firm’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $8.74. United-Guardian has a fifty-two week low of $5.79 and a fifty-two week high of $12.50.

United-Guardian (NASDAQ:UG) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.20 earnings per share (EPS) for the quarter. United-Guardian had a return on equity of 25.18% and a net margin of 23.77%. The business had revenue of $3.26 million during the quarter.

United-Guardian Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a dividend yield of 6.1%. This is a positive change from United-Guardian’s previous Semi-Annual dividend of $0.10. United-Guardian’s dividend payout ratio (DPR) is presently 116.67%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in United-Guardian stock. Rodgers Brothers Inc. grew its holdings in shares of United-Guardian, Inc. (NASDAQ:UG) by 5.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,100 shares of the company’s stock after purchasing an additional 4,750 shares during the quarter. Rodgers Brothers Inc. owned about 2.18% of United-Guardian worth $766,000 at the end of the most recent reporting period. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

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.