Peregrine Capital Management LLC Cuts Stake in Guardian Pharmacy Services, Inc. (NYSE:GRDN)

Peregrine Capital Management LLC cut its holdings in shares of Guardian Pharmacy Services, Inc. (NYSE:GRDN) by 60.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 113,075 shares of the company’s stock after selling 170,284 shares during the period. Peregrine Capital Management LLC’s holdings in Guardian Pharmacy Services were worth $2,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GRDN. Rhumbline Advisers acquired a new stake in shares of Guardian Pharmacy Services in the fourth quarter valued at $149,000. Compass Financial Services Inc acquired a new stake in Guardian Pharmacy Services in the 4th quarter valued at about $58,000. Calamos Advisors LLC boosted its stake in shares of Guardian Pharmacy Services by 124.7% in the 4th quarter. Calamos Advisors LLC now owns 24,725 shares of the company’s stock valued at $501,000 after buying an additional 13,720 shares during the period. R Squared Ltd acquired a new position in shares of Guardian Pharmacy Services during the fourth quarter worth about $30,000. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Guardian Pharmacy Services during the fourth quarter worth approximately $34,000.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their price target on shares of Guardian Pharmacy Services from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Guardian Pharmacy Services Stock Performance

NYSE:GRDN opened at $20.96 on Thursday. Guardian Pharmacy Services, Inc. has a 12 month low of $14.16 and a 12 month high of $25.74. The company has a fifty day simple moving average of $21.27.

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.