Guardian Pharmacy slides on secondary offering launch

Guardian Pharmacy Services

18/03/2026 20:43

** Guardian Pharmacy Services GRDN.N shares down 10% in extended trading to $30.53 after launching 5 mln share secondary offering

** Long-term care pharmacy services firm says certain stockholders to offload 3.98 mln shares and co to issue 1.02 mln shares

** GRDN to use net offering proceeds it receives to repurchase shares from certain existing holders

** BofA, Jefferies and Raymond James joint bookrunners

** Atlanta, Georgia-based GRDN has 63.3 mln shares outstanding

** Stock on Weds closed down 0.5% at $33.91, trimming YTD gain to ~13%

** Of 4 analysts covering the stock, 2 rate "strong buy", 2 rate "buy"; median PT $38, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))