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

Equities researchers at StockNews.com began coverage on shares of United-Guardian (NASDAQ:UG) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the stock.

United-Guardian Price Performance

NASDAQ UG opened at $9.79 on Wednesday. The company has a market cap of $44.98 million, a P/E ratio of 12.88 and a beta of 0.73. The stock has a 50-day moving average of $10.51 and a two-hundred day moving average of $11.65. United-Guardian has a 1-year low of $7.02 and a 1-year high of $16.25.

Hedge Funds Weigh In On United-Guardian

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of United-Guardian by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock valued at $450,000 after buying an additional 2,170 shares during the period. Northern Trust Corp boosted its stake in shares of United-Guardian by 69.5% in the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock valued at $244,000 after buying an additional 10,466 shares during the period. Renaissance Technologies LLC boosted its stake in shares of United-Guardian by 4.3% in the 4th quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock valued at $1,818,000 after buying an additional 7,800 shares during the period. United Capital Financial Advisors LLC purchased a new stake in United-Guardian during the fourth quarter worth approximately $192,000. Finally, Heron Bay Capital Management purchased a new stake in United-Guardian during the fourth quarter worth approximately $135,000. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About United-Guardian

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.