Peregrine Capital Management LLC Purchases 9,079 Shares of Paragon 28, Inc. (NYSE:FNA)

Peregrine Capital Management LLC lifted its position in Paragon 28, Inc. (NYSE:FNA) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500,094 shares of the company’s stock after buying an additional 9,079 shares during the quarter. Peregrine Capital Management LLC owned about 0.60% of Paragon 28 worth $5,166,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Paragon 28 during the third quarter worth approximately $128,000. Creative Planning bought a new stake in Paragon 28 during the third quarter worth approximately $91,000. Ballentine Partners LLC bought a new stake in Paragon 28 during the third quarter worth approximately $91,000. Park Edge Advisors LLC boosted its position in Paragon 28 by 2.7% during the third quarter. Park Edge Advisors LLC now owns 598,870 shares of the company’s stock worth $4,000,000 after purchasing an additional 15,727 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Paragon 28 during the third quarter worth approximately $386,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FNA. 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, January 29th. Canaccord Genuity Group reissued a “hold” rating on shares of Paragon 28 in a research report on Wednesday, January 29th. William Blair cut Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.60.

Insider Buying and Selling

In related news, major shareholder Mvm Partners, Llc sold 4,256 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $10.00, for a total value of $42,560.00. Following the completion of the transaction, the insider now directly owns 10,499,960 shares of the company’s stock, valued at $104,999,600. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 152,611 shares of company stock valued at $1,617,953 over the last ninety days. 15.32% of the stock is owned by company insiders.

Paragon 28 Stock Down 0.3 %

Shares of FNA stock opened at $13.03 on Thursday. The stock has a market cap of $1.09 billion, a P/E ratio of -17.60 and a beta of 1.54. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $13.98. The stock has a fifty day moving average price of $11.35 and a 200 day moving average price of $8.86. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60.

Paragon 28 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.