Guardian Pharmacy Services (NYSE:GRDN) Shares Down 5.4% – Here’s What Happened

Shares of Guardian Pharmacy Services, Inc. (NYSE:GRDN) fell 5.4% during mid-day trading on Tuesday . The company traded as low as $20.00 and last traded at $20.12. 111,487 shares changed hands during trading, a decline of 29% from the average session volume of 157,774 shares. The stock had previously closed at $21.26.

Guardian Pharmacy Services Stock Performance

The company’s 50-day moving average is $20.56.

Institutional Trading of Guardian Pharmacy Services

Hedge funds have recently modified their holdings of the business. Brown Advisory Inc. purchased a new position in shares of Guardian Pharmacy Services during the fourth quarter valued at $32,294,000. J. Goldman & Co LP boosted its position in Guardian Pharmacy Services by 1.5% during the 4th quarter. J. Goldman & Co LP now owns 762,347 shares of the company’s stock worth $15,445,000 after acquiring an additional 11,263 shares during the period. Nuveen Asset Management LLC grew its stake in Guardian Pharmacy Services by 2.9% during the 4th quarter. Nuveen Asset Management LLC now owns 547,140 shares of the company’s stock valued at $11,085,000 after acquiring an additional 15,550 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Guardian Pharmacy Services by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 513,029 shares of the company’s stock valued at $10,394,000 after purchasing an additional 13,029 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Guardian Pharmacy Services in the 3rd quarter valued at about $8,400,000.

About Guardian Pharmacy Services

Guardian Pharmacy Services, Inc, a pharmacy service company, provides a suite of technology-enabled services designed to help residents of long-term health care facilities (LTCFs) in the United States. Its individualized clinical, drug dispensing, and administration capabilities are used to serve the needs of residents in lower acuity LTCFs, such as assisted living facilities and behavioral health facilities and group homes.