Insider Selling: Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells 27,142 Shares of Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 27,142 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.62, for a total transaction of $315,390.04. Following the sale, the insider now directly owns 10,313,841 shares in the company, valued at $119,846,832.42. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $11.63, for a total transaction of $234,181.68.
• 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 transaction of $183,625.26.
• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The shares were 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 stock was 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 shares were sold at an average price of $10.28, for a total transaction of $1,517,132.68.

Paragon 28 Price Performance

Shares of NYSE:FNA traded up $1.00 during trading hours on Wednesday, hitting $13.00. 20,936,722 shares of the company’s stock traded hands, compared to its average volume of 1,695,401. 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 company’s fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $8.35. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $14.79. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -17.56 and a beta of 1.50.

Paragon 28 (NYSE:FNA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. 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 previous year, the business posted ($0.10) earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts anticipate that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on FNA. Canaccord Genuity Group reissued a “hold” rating on shares of Paragon 28 in a research note on Wednesday. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday. Stephens upgraded Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC reissued a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Paragon 28 presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

Hedge Funds Weigh In On Paragon 28

Institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new stake in shares of Paragon 28 in the third quarter worth $70,000. Ballentine Partners LLC acquired a new stake in Paragon 28 during the 3rd quarter worth about $91,000. Creative Planning acquired a new position in shares of Paragon 28 in the 3rd quarter valued at about $91,000. Hsbc Holdings PLC purchased a new stake in shares of Paragon 28 in the second quarter worth approximately $104,000. Finally, Commerce Bank boosted its holdings in shares of Paragon 28 by 28.5% during the third quarter. Commerce Bank now owns 18,350 shares of the company’s stock worth $123,000 after purchasing an additional 4,075 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

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.