Guardian Pharmacy Services, Inc.’s (NYSE:GRDN) Lock-Up Period Will Expire on March 25th

Guardian Pharmacy Services’ (NYSE:GRDN) lock-up period will expire on Tuesday, March 25th. Guardian Pharmacy Services had issued 8,000,000 shares in its IPO on September 26th. The total size of the offering was $112,000,000 based on an initial share price of $14.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Guardian Pharmacy Services Stock Performance

Guardian Pharmacy Services stock opened at $20.48 on Tuesday. Guardian Pharmacy Services has a one year low of $14.16 and a one year high of $25.74. The stock’s fifty day simple moving average is $20.42.

Institutional Investors Weigh In On Guardian Pharmacy Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. bought a new stake in Guardian Pharmacy Services during the fourth quarter valued at about $32,294,000. J. Goldman & Co LP boosted its stake 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 valued at $15,445,000 after purchasing an additional 11,263 shares during the period. Nuveen Asset Management LLC increased its position in Guardian Pharmacy Services by 2.9% in the 4th quarter. Nuveen Asset Management LLC now owns 547,140 shares of the company’s stock worth $11,085,000 after buying an additional 15,550 shares during the period. Franklin Resources Inc. boosted its position in shares of Guardian Pharmacy Services by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 513,029 shares of the company’s stock valued at $10,394,000 after acquiring an additional 13,029 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Guardian Pharmacy Services in the third quarter valued at approximately $8,400,000.

Guardian Pharmacy Services Company Profile

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.