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 dated Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total transaction of $234,181.68. Following the transaction, the insider now directly owns 10,366,009 shares in the company, valued at $120,556,684.67. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, January 27th, Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock. The shares were sold at an average price of $11.62, for a total transaction of $315,390.04.
• 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 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 value 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 stock was 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 stock was sold at an average price of $10.28, for a total transaction of $1,517,132.68.

Paragon 28 Stock Performance

Shares of FNA opened at $13.00 on Thursday. The stock has a 50-day moving average of $10.48 and a two-hundred day moving average of $8.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The stock has a market cap of $1.09 billion, a P/E ratio of -17.56 and a beta of 1.50. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $14.79.

Paragon 28 (NYSE:FNA) last issued its earnings results 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 quarter in the prior year, the firm earned ($0.10) earnings per share. Paragon 28’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, research analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current year.

Analysts Set New Price Targets

FNA has been the topic of several analyst reports. Stephens raised shares of Paragon 28 to a “strong-buy” rating in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 target price on shares of Paragon 28 in a research report on Wednesday. William Blair downgraded Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Canaccord Genuity Group restated a “hold” rating on shares of Paragon 28 in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Paragon 28 has a consensus rating of “Moderate Buy” and an average target price of $15.60.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNA. JPMorgan Chase & Co. grew its position in Paragon 28 by 2,141.7% during the 3rd 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 position in Paragon 28 by 5,834.0% during the second quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock valued at $4,962,000 after acquiring an additional 713,263 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Paragon 28 in the second quarter valued at approximately $869,000. Stonepine Capital Management LLC purchased a new stake in Paragon 28 in the 3rd quarter worth approximately $766,000. Finally, Sei Investments Co. acquired a new stake in shares of Paragon 28 during the 2nd quarter worth approximately $531,000. Hedge funds and other 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.