16,553 Shares in Paragon 28, Inc. (NYSE:FNA) Purchased by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC acquired a new position in shares of Paragon 28, Inc. (NYSE:FNA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,553 shares of the company’s stock, valued at approximately $171,000.

Other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Paragon 28 during the third quarter worth approximately $70,000. Creative Planning bought a new stake in shares of Paragon 28 during the 3rd quarter valued at $91,000. Ballentine Partners LLC bought a new stake in shares of Paragon 28 during the 3rd quarter valued at $91,000. Commerce Bank lifted its stake in shares of Paragon 28 by 28.5% in the 3rd quarter. Commerce Bank now owns 18,350 shares of the company’s stock valued at $123,000 after purchasing an additional 4,075 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Paragon 28 in the 3rd quarter worth $128,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on FNA. Needham & Company LLC reissued a “hold” rating and issued a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reiterated an “equal weight” rating and issued a $13.00 price target (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. William Blair lowered shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating on shares of Paragon 28 in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Paragon 28 has a consensus rating of “Hold” and an average target price of $14.60.

Paragon 28 Stock Down 0.0 %

Shares of Paragon 28 stock opened at $13.06 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of -17.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. The business has a 50-day moving average of $11.24 and a two-hundred day moving average of $8.78. Paragon 28, Inc. has a 1 year low of $4.65 and a 1 year high of $14.78.

Insider Buying and Selling

In other news, major shareholder Mvm Partners, Llc sold 27,142 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $11.62, for a total value of $315,390.04. Following the completion of the transaction, the insider now owns 10,313,841 shares in the company, valued at $119,846,832.42. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 300,192 shares of company stock valued at $3,135,086. 15.32% of the stock is owned by corporate insiders.

About Paragon 28

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.