OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,964 Shares of Paragon 28, Inc. (NYSE:FNA)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Paragon 28, Inc. (NYSE:FNA) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,854 shares of the company’s stock after selling 11,964 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Paragon 28 worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC bought a new stake in Paragon 28 during the 4th quarter valued at about $3,598,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Paragon 28 by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,819 shares of the company’s stock valued at $277,000 after purchasing an additional 820 shares in the last quarter. Deutsche Bank AG increased its stake in Paragon 28 by 65.3% during the 4th quarter. Deutsche Bank AG now owns 40,435 shares of the company’s stock valued at $418,000 after purchasing an additional 15,971 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Paragon 28 during the 4th quarter valued at about $1,086,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Paragon 28 during the 4th quarter valued at about $137,000. 63.57% of the stock is currently owned by institutional investors.

Paragon 28 Stock Performance

FNA opened at $13.11 on Wednesday. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.47. The company’s 50 day moving average is $13.06 and its 200 day moving average is $11.49. Paragon 28, Inc. has a 12-month low of $4.65 and a 12-month high of $13.13.

Paragon 28 (NYSE:FNA) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $71.75 million during the quarter, compared to analysts’ expectations of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. On average, equities research analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current year.

Insider Buying and Selling

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 164,664 shares of Paragon 28 stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.01, for a total transaction of $2,142,278.64. Following the transaction, the insider now owns 8,854,883 shares of the company’s stock, valued at $115,202,027.83. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 1,828,706 shares of company stock valued at $23,810,399. 15.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FNA shares. Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a report on Wednesday, January 29th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a report on Wednesday, January 29th. Finally, William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Paragon 28 currently has a consensus rating of “Hold” and a consensus price target of $12.75.

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.