United-Guardian, Inc. (NASDAQ:UG) Short Interest Up 69.2% in March

by · The Cerbat Gem

United-Guardian, Inc. (NASDAQ:UG – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 11,000 shares, an increase of 69.2% from the March 15th total of 6,500 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 8,200 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on United-Guardian in a report on Sunday, April 13th. They issued a “buy” rating for the company.

Check Out Our Latest Analysis on UG

United-Guardian Trading Down 1.7 %

Shares of UG traded down $0.15 during trading hours on Friday, reaching $8.21. The stock had a trading volume of 4,311 shares, compared to its average volume of 13,248. The firm has a 50-day simple moving average of $9.51 and a 200 day simple moving average of $10.61. United-Guardian has a 12 month low of $7.67 and a 12 month high of $16.25. The company has a market capitalization of $37.69 million, a price-to-earnings ratio of 10.80 and a beta of 0.85.

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

United-Guardian Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 17.06%. The ex-dividend date of this dividend was Monday, February 10th. United-Guardian’s payout ratio is 98.59%.

Hedge Funds Weigh In On United-Guardian

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings 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 worth $450,000 after purchasing an additional 2,170 shares during the period. Heron Bay Capital Management bought a new stake in United-Guardian in the 4th quarter valued at about $135,000. Renaissance Technologies LLC lifted its holdings in United-Guardian by 4.3% during the fourth quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock valued at $1,818,000 after purchasing an additional 7,800 shares during the last quarter. United Capital Financial Advisors LLC bought a new position in United-Guardian during the fourth quarter worth about $192,000. Finally, Northern Trust Corp increased its stake in shares of United-Guardian by 69.5% in the fourth 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. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About United-Guardian

(Get Free Report)

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.

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