Guardian Pharmacy Services (NYSE:GRDN) Shares Down 5.4% – Should You Sell?

Shares of Guardian Pharmacy Services, Inc. (NYSE:GRDNGet Free Report) dropped 5.4% during trading on Tuesday . The stock traded as low as $20.00 and last traded at $20.12. Approximately 111,487 shares changed hands during trading, a decline of 29% from the average daily volume of 157,774 shares. The stock had previously closed at $21.26.

Guardian Pharmacy Services Trading Down 2.4 %

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

Hedge Funds Weigh In On Guardian Pharmacy Services

A number of hedge funds have recently modified their holdings of GRDN. Envestnet Asset Management Inc. grew its stake in Guardian Pharmacy Services by 4.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,010 shares of the company’s stock valued at $243,000 after purchasing an additional 564 shares in the last quarter. LPL Financial LLC grew its stake in shares of Guardian Pharmacy Services by 4.8% in the 4th quarter. LPL Financial LLC now owns 17,679 shares of the company’s stock valued at $358,000 after buying an additional 807 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Guardian Pharmacy Services by 0.5% in the fourth quarter. Lazard Asset Management LLC now owns 190,797 shares of the company’s stock worth $3,865,000 after buying an additional 860 shares during the last quarter. R Squared Ltd bought a new position in Guardian Pharmacy Services during the fourth quarter valued at approximately $30,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Guardian Pharmacy Services in the fourth quarter valued at approximately $34,000.

Guardian Pharmacy Services Company Profile

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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.

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