Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners, Llc Sells 20,136 Shares

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 20,136 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. This trade represents a 0.19 % 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 link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 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 value 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 value of $1,517,132.68.

Paragon 28 Trading Up 0.3 %

Shares of FNA stock traded up $0.04 during trading hours on Monday, reaching $11.66. The company’s stock had a trading volume of 357,024 shares, compared to its average volume of 543,073. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $14.79. The stock has a market capitalization of $976.18 million, a P/E ratio of -15.76 and a beta of 1.50. The firm’s fifty day simple moving average is $10.42 and its 200 day simple moving average is $8.29.

Paragon 28 (NYSE:FNA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share (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 business had revenue of $62.30 million during the quarter, compared to analysts’ expectations of $60.58 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Equities research analysts expect that Paragon 28, Inc. will post -0.64 EPS for the current year.

Hedge Funds Weigh In On Paragon 28

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in Paragon 28 during the second quarter valued at approximately $419,000. Hsbc Holdings PLC purchased a new stake in Paragon 28 during the second quarter worth $104,000. XTX Topco Ltd lifted its holdings in Paragon 28 by 36.4% during the second quarter. XTX Topco Ltd now owns 22,335 shares of the company’s stock worth $153,000 after buying an additional 5,963 shares during the period. Sei Investments Co. acquired a new position in shares of Paragon 28 during the second quarter worth $531,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Paragon 28 during the second quarter worth $869,000. Institutional investors own 63.57% of the company’s stock.

Analyst Ratings Changes

FNA has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $13.00 price target on shares of Paragon 28 in a research note on Monday, January 13th. Stephens upgraded shares of Paragon 28 to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Canaccord Genuity Group lowered their price target 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Paragon 28 currently has a consensus rating of “Buy” and an average price target 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.