Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners, Llc Sells 27,142 Shares

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 27,142 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.62, for a total transaction of $315,390.04. Following the completion of the sale, the insider now owns 10,313,841 shares of the company’s stock, valued at $119,846,832.42. This represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 transaction 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 transaction 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 transaction of $1,517,132.68.

Paragon 28 Stock Down 0.0 %

Shares of FNA opened at $13.03 on Friday. The company has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $8.42. The firm has a market capitalization of $1.09 billion, a P/E ratio of -17.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $14.79.

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 net margin of 25.31% and a negative return on equity of 37.90%. The business had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.58 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities research analysts expect that Paragon 28, Inc. will post -0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Paragon 28 by 180.6% in the third quarter. Barclays PLC now owns 84,812 shares of the company’s stock worth $567,000 after purchasing an additional 54,591 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 in the last quarter. GSA Capital Partners LLP acquired a new position in Paragon 28 in the third quarter worth about $386,000. Millennium Management LLC raised its position in Paragon 28 by 5,834.0% in the second quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock worth $4,962,000 after purchasing an additional 713,263 shares in the last quarter. Finally, State Street Corp raised its position in Paragon 28 by 2.6% in the third quarter. State Street Corp now owns 1,563,331 shares of the company’s stock worth $10,443,000 after purchasing an additional 39,075 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FNA. Canaccord Genuity Group restated a “hold” rating on shares of Paragon 28 in a report on Wednesday. Stephens restated an “equal weight” rating and set a $13.00 price target (down from $14.00) on shares of Paragon 28 in a report on Thursday. William Blair cut shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.60.

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.