United-Guardian (NASDAQ:UG) Now Covered by Analysts at StockNews.com

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

United-Guardian Trading Down 2.9 %

Shares of NASDAQ UG opened at $10.50 on Monday. United-Guardian has a twelve month low of $7.02 and a twelve month high of $16.25. The firm has a 50-day moving average of $10.41 and a two-hundred day moving average of $11.86. The company has a market capitalization of $48.20 million, a price-to-earnings ratio of 13.82 and a beta of 0.76.

Hedge Funds Weigh In On United-Guardian

A number of hedge funds have recently modified their holdings of UG. Renaissance Technologies LLC increased its position in shares of United-Guardian by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock worth $1,818,000 after acquiring an additional 7,800 shares in the last quarter. Geode Capital Management LLC boosted its stake in United-Guardian by 10.3% in the 4th quarter. Geode Capital Management LLC now owns 31,264 shares of the company’s stock worth $302,000 after purchasing an additional 2,929 shares during the period. Northern Trust Corp grew its position in United-Guardian by 69.5% during the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock worth $244,000 after purchasing an additional 10,466 shares in the last quarter. United Capital Financial Advisors LLC acquired a new stake in United-Guardian during the 4th quarter valued at $192,000. Finally, Heron Bay Capital Management purchased a new stake in shares of United-Guardian in the fourth quarter valued at $135,000. 23.16% of the stock is currently owned by institutional investors and hedge funds.

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.