Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $28,959.53 in Stock

Paragon 28, Inc. (NYSE: FNA – Get a rating) major shareholder Mvm Partners Llp sold 1,517 shares in a transaction dated Tuesday, October 4. The stock was sold at an average price of $19.09, for a total value of $28,959.53. Following the transaction, the insider now owns 13,876,730 shares of the company, valued at $264,906,775.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Large shareholders who own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Mvm Partners Llp has also recently made the following trade(s):

  • On Tuesday, September 20, Mvm Partners Llp sold 11,485 shares of Paragon 28. The stock was sold at an average price of $18.52, for a total value of $212,702.20.
  • On Friday, September 16, Mvm Partners Llp sold 1,780 shares of Paragon 28. The stock was sold at an average price of $18.54, for a total value of $33,001.20.
  • On Wednesday September 14, Mvm Partners Llp sold 52,235 shares of Paragon 28. The stock was sold at an average price of $18.90, for a total value of $987,241.50.
  • On Monday, September 12, Mvm Partners Llp sold 52,031 shares of Paragon 28. The stock was sold at an average price of $19.04, for a total value of $990,670.24.
  • On Friday, September 9, Mvm Partners Llp sold 29,200 shares of Paragon 28. The stock was sold at an average price of $18.71, for a total value of $546,332.00.
  • On Friday, August 26, Mvm Partners Llp sold 800 shares of Paragon 28. The stock sold at an average price of $18.78, for a total value of $15,024.00.
  • On Wednesday August 24, Mvm Partners Llp sold 17,876 shares of Paragon 28. The stock was sold at an average price of $18.54, for a total value of $331,421.04.
  • On Wednesday August 10, Mvm Partners Llp sold 110,000 shares of Paragon 28. The stock was sold at an average price of $20.35, for a total value of $2,238,500.00.
  • On Monday, August 8, Mvm Partners Llp sold 50,000 shares of Paragon 28. The stock was sold at an average price of $19.52, for a total value of $976,000.00.

Paragon 28 Stock down 0.6%

NYSE FNA traded down $0.11 during Thursday’s midday session, hitting $17.92. 1,284 shares of the company were traded, compared to its average volume of 278,365. Paragon 28, Inc. has a 1-year low of $12.35 and a 1-year high of $25.41. The company has a fifty-day simple moving average of $18.32 and a 200-day simple moving average of $17.57. The company has a current ratio of 3.66, a quick ratio of 2.49 and a debt ratio of 0.24. The company has a market capitalization of $1.38 billion and a price-earnings ratio of -40.98.

Paragon 28 (NYSE: FNA – Get a rating) last released its quarterly earnings data on Wednesday, August 3. The company reported ($0.13) earnings per share for the quarter, missing analyst consensus estimates of ($0.05) by ($0.08). Paragon 28 had a negative net margin of 18.54% and a negative return on equity of 20.84%. The company posted revenue of $42.50 million for the quarter, versus analyst estimates of $40.84 million. As a group, equity research analysts expect Paragon 28, Inc. to post year-to-date EPS of -0.44.

Analyst upgrades and downgrades

A number of equity research analysts have recently released reports on the company. Canaccord Genuity Group raised its target price on Paragon 28 from $20.00 to $25.00 in a Friday, August 5 research note. Needham & Company LLC raised its target price on Paragon 28 from $20.00 to $24.00 and gave the company a “buy” rating in a Thursday, August 4 research note. Seven investment analysts have rated the stock with a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $26.43.

Institutional investors weigh in on Paragon 28

Hedge funds have recently been buying and selling shares of the company. Roubaix Capital LLC increased its stake in Paragon 28 by 62.5% in the 1st quarter. Roubaix Capital LLC now owns 206,701 shares of the company worth $3,460,000 after purchasing an additional 79,463 shares in the last quarter. Valeo Financial Advisors LLC acquired a new equity stake in Paragon 28 in Q1 for a value of approximately $5,405,000. Calamos Advisors LLC increased its equity stake in Paragon 28 by 271.6% in Q1. Calamos Advisors LLC now owns 111,277 shares of the company worth $1,863,000 after purchasing an additional 81,331 shares in the last quarter. Adage Capital Partners GP LLC acquired a new stake in Paragon 28 during the 4th quarter at a value of $7,076,000. Finally, Wasatch Advisors Inc. acquired a new stake in Paragon 28 during the 4th quarter at a value of $42,541,000. Institutional investors and hedge funds hold 20.22% of the company’s shares.

About Paragon 28

(Get a rating)

Paragon 28, Inc designs, develops, distributes and sells surgical foot and ankle systems in the United States and around the world. It offers veneer systems, including gorilla veneer systems, such as lisfranc, lapidus, lateral column, calcaneus, and naviculocuneiform (NC) fusion veneer systems; screws specific to baby gorilla plates, navicular fracture plates and 5th metatarsal hook plates; and silverback plating systems.

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Insider buying and selling by quarter for Paragon 28 (NYSE:FNA)

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