Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $315,390.04 in Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 27,142 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $11.62, for a total value of $315,390.04. Following the transaction, the insider now owns 10,313,841 shares in the company, valued at approximately $119,846,832.42. This trade represents a 0.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Thursday, January 23rd, Mvm Partners, Llc sold 20,136 shares of Paragon 28 stock. The stock was sold at an average price of $11.63, for a total value of $234,181.68.
• On Wednesday, December 4th, Mvm Partners, Llc sold 18,109 shares of Paragon 28 stock. The stock was sold at an average price of $10.14, for a total transaction of $183,625.26.
• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The stock was sold at an average price of $10.00, for a total transaction of $42,560.00.
• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The shares were sold at an average price of $10.09, for a total value of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The shares were sold at an average price of $10.16, for a total transaction of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The shares were sold at an average price of $10.28, for a total value of $1,517,132.68.

Paragon 28 Price Performance

Shares of FNA stock traded up $1.00 during trading hours on Wednesday, hitting $13.00. 20,936,722 shares of the company’s stock were exchanged, compared to its average volume of 1,695,401. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $14.79. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -17.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. The stock’s 50-day moving average is $10.48 and its 200-day moving average is $8.35.

Paragon 28 (NYSE:FNA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $60.58 million. During the same period last year, the company earned ($0.10) EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, research analysts forecast that Paragon 28, Inc. will post -0.64 EPS for the current year.

Analyst Ratings Changes

FNA has been the topic of several recent analyst reports. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Stephens upgraded shares of Paragon 28 to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group reiterated a “hold” rating on shares of Paragon 28 in a research report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating and issued a $13.00 price target on shares of Paragon 28 in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.60.

Hedge Funds Weigh In On Paragon 28

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNA. JPMorgan Chase & Co. raised its holdings in Paragon 28 by 2,141.7% in the third quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after purchasing an additional 749,865 shares during the period. Millennium Management LLC raised its stake in Paragon 28 by 5,834.0% during the 2nd quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock worth $4,962,000 after buying an additional 713,263 shares during the period. Cubist Systematic Strategies LLC bought a new position in Paragon 28 during the second quarter worth about $869,000. Stonepine Capital Management LLC acquired a new position in Paragon 28 in the third quarter valued at about $766,000. Finally, Sei Investments Co. bought a new stake in shares of Paragon 28 in the second quarter worth about $531,000. Institutional investors own 63.57% of the company’s stock.

Paragon 28 Company Profile

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.