Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $234,181.68 in Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 20,136 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total value of $234,181.68. Following the completion of the sale, the insider now directly owns 10,366,009 shares in the company, valued at approximately $120,556,684.67. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major 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 Wednesday, December 4th, Mvm Partners, Llc sold 18,109 shares of Paragon 28 stock. The shares were sold at an average price of $10.14, for a total value 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 value 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 Trading Up 0.3 %

NYSE:FNA opened at $11.66 on Tuesday. The stock has a fifty day simple moving average of $10.42 and a 200 day simple moving average of $8.29. The firm has a market capitalization of $976.18 million, a price-to-earnings ratio of -15.76 and a beta of 1.50. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $14.79. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79.

Paragon 28 (NYSE:FNA) last announced its earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate 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 company had revenue of $62.30 million during the quarter, compared to analysts’ expectations of $60.58 million. During the same period last year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Sell-side analysts forecast that Paragon 28, Inc. will post -0.64 earnings per share for the current year.

Institutional Trading of Paragon 28

A number of hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in Paragon 28 in the 3rd quarter valued at approximately $70,000. Ballentine Partners LLC purchased a new stake in shares of Paragon 28 during the third quarter worth $91,000. Creative Planning acquired a new stake in Paragon 28 during the third quarter valued at $91,000. Hsbc Holdings PLC purchased a new position in Paragon 28 in the second quarter valued at about $104,000. Finally, Commerce Bank increased its position in Paragon 28 by 28.5% in the 3rd quarter. Commerce Bank now owns 18,350 shares of the company’s stock worth $123,000 after purchasing an additional 4,075 shares during the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stephens upgraded shares of Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Paragon 28 in a report on Monday, January 13th. Finally, Canaccord Genuity Group cut their target price on Paragon 28 from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $15.60.

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.