Mvm Partners, Llc Sells 27,142 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 27,142 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.62, for a total value of $315,390.04. Following the transaction, the insider now owns 10,313,841 shares in the company, valued at approximately $119,846,832.42. This trade represents a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 23rd, Mvm Partners, Llc sold 20,136 shares of Paragon 28 stock. The stock was sold at an average price of $11.63, for a total value of $234,181.68.
• 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 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 shares were sold at an average price of $10.28, for a total transaction of $1,517,132.68.

Paragon 28 Trading Up 0.3 %

Shares of FNA stock opened at $13.03 on Friday. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $1.09 billion, a P/E ratio of -17.60 and a beta of 1.50. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $14.79. The stock’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $8.38.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $62.30 million during the quarter, compared to the consensus estimate of $60.58 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The firm’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Paragon 28

Several large investors have recently modified their holdings of FNA. MN Wealth Advisors LLC grew its stake in shares of Paragon 28 by 1.4% in the fourth quarter. MN Wealth Advisors LLC now owns 84,535 shares of the company’s stock worth $873,000 after purchasing an additional 1,200 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in shares of Paragon 28 in the 4th quarter valued at about $171,000. Rhumbline Advisers increased its stake in shares of Paragon 28 by 1.7% in the fourth quarter. Rhumbline Advisers now owns 62,861 shares of the company’s stock valued at $649,000 after buying an additional 1,024 shares during the period. SG Americas Securities LLC raised its position in shares of Paragon 28 by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 26,754 shares of the company’s stock worth $276,000 after acquiring an additional 7,653 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Paragon 28 by 15.0% in the fourth quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after acquiring an additional 2,043 shares during the period. Institutional investors own 63.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Paragon 28 in a report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Paragon 28 in a research note on Wednesday. William Blair downgraded Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 target price (down previously from $14.00) on shares of Paragon 28 in a report on Thursday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Paragon 28 presently has an average rating of “Hold” and an average price target of $14.60.

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.