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

Guardian Pharmacy Services’ (NYSE:GRDN) lock-up period is set to expire on Tuesday, March 25th. Guardian Pharmacy Services had issued 8,000,000 shares in its public offering on September 26th. The total size of the offering was $112,000,000 based on an initial share price of $14.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Guardian Pharmacy Services Price Performance

Shares of NYSE GRDN opened at $21.91 on Thursday. Guardian Pharmacy Services has a 52-week low of $14.16 and a 52-week high of $25.74. The company’s fifty day moving average is $20.49.

Hedge Funds Weigh In On Guardian Pharmacy Services

A number of institutional investors have recently added to or reduced their stakes in GRDN. Royce & Associates LP acquired a new stake in Guardian Pharmacy Services during the third quarter worth about $1,260,000. Foundry Partners LLC bought a new position in shares of Guardian Pharmacy Services in the third quarter valued at approximately $1,680,000. Maven Securities LTD bought a new stake in Guardian Pharmacy Services during the third quarter worth approximately $3,033,000. Point72 DIFC Ltd purchased a new stake in shares of Guardian Pharmacy Services in the 3rd quarter valued at approximately $573,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Guardian Pharmacy Services in the 3rd quarter valued at approximately $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.