Insider Selling: Guardian Pharmacy Services (NYSE:GRDN) Major Shareholder Sells $1,014,148.80 in Stock

Guardian Pharmacy Services, Inc. (NYSE:GRDN) major shareholder Equity Fund L.P. Cardinal sold 50,305 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $20.16, for a total value of $1,014,148.80. Following the completion of the transaction, the insider directly owned 149,794 shares of the company’s stock, valued at approximately $3,019,847.04. This trade represents a 25.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Guardian Pharmacy Services Stock Up 0.6%

Guardian Pharmacy Services stock opened at $24.50 on Friday. The business has a 50 day moving average price of $24.95 and a two-hundred day moving average price of $23.01. The stock has a market cap of $1.55 billion and a price-to-earnings ratio of -16.12. Guardian Pharmacy Services, Inc. has a 12 month low of $16.50 and a 12 month high of $30.39.

Analyst Ratings Changes

GRDN has been the topic of a number of recent research reports. Wall Street Zen raised Guardian Pharmacy Services from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 17th. Truist Financial lifted their price objective on Guardian Pharmacy Services from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 26th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $26.33.

Institutional Investors Weigh In On Guardian Pharmacy Services

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in shares of Guardian Pharmacy Services in the 1st quarter worth approximately $170,000. BNP Paribas Financial Markets acquired a new position in shares of Guardian Pharmacy Services in the 4th quarter worth approximately $37,000. Parkside Financial Bank & Trust acquired a new position in shares of Guardian Pharmacy Services in the 2nd quarter worth approximately $41,000. Raymond James Financial Inc. acquired a new position in shares of Guardian Pharmacy Services in the 2nd quarter worth approximately $43,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Guardian Pharmacy Services by 76.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,444 shares of the company’s stock worth $52,000 after acquiring an additional 1,062 shares in the last quarter.

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.