Los Angeles Capital Management LLC Purchases New Stake in Paragon 28, Inc. (NYSE:FNA)

Los Angeles Capital Management LLC acquired a new position in shares of Paragon 28, Inc. (NYSE:FNA) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 48,931 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds have also added to or reduced their stakes in FNA. Barclays PLC grew its position in shares of Paragon 28 by 180.6% during the 3rd quarter. Barclays PLC now owns 84,812 shares of the company’s stock valued at $567,000 after acquiring an additional 54,591 shares during the period. JPMorgan Chase & Co. lifted its stake in Paragon 28 by 2,141.7% in the third quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock valued at $5,243,000 after purchasing an additional 749,865 shares during the last quarter. GSA Capital Partners LLP bought a new position in Paragon 28 during the third quarter valued at $386,000. Ballentine Partners LLC increased its position in Paragon 28 by 15.0% in the fourth quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after buying an additional 2,043 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Paragon 28 by 2.6% in the third quarter. State Street Corp now owns 1,563,331 shares of the company’s stock valued at $10,443,000 after buying an additional 39,075 shares during the period. Institutional investors own 63.57% of the company’s stock.

Paragon 28 Stock Down 0.2 %

Shares of NYSE FNA opened at $13.02 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.09 billion, a P/E ratio of -17.59 and a beta of 1.54. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $13.13. The business has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average of $9.21.

Insider Transactions at Paragon 28

In related news, major shareholder Mvm Partners, Llc sold 20,136 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total transaction of $234,181.68. Following the completion of the transaction, the insider now owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 65,387 shares of company stock valued at $733,197. 15.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FNA has been the subject of several research reports. Stephens reiterated an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Needham & Company LLC reiterated a “hold” rating and set a $13.00 target price on shares of Paragon 28 in a research report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Finally, William Blair cut shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Paragon 28 presently has an average rating of “Hold” and a consensus price target of $14.20.

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.