Connor Clark & Lunn Investment Management Ltd. acquired a new position in Paragon 28, Inc. (NYSE:FNA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 52,970 shares of the company's stock, valued at approximately $547,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Paragon 28 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Paragon 28 by 2.6% in the 3rd quarter. State Street Corp now owns 1,563,331 shares of the company's stock valued at $10,443,000 after acquiring an additional 39,075 shares in the last quarter. Geode Capital Management LLC raised its stake in Paragon 28 by 2.5% in the third quarter. Geode Capital Management LLC now owns 967,519 shares of the company's stock valued at $6,464,000 after purchasing an additional 23,167 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Paragon 28 by 2,141.7% during the third quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company's stock valued at $5,243,000 after purchasing an additional 749,865 shares during the last quarter. Wellington Management Group LLP lifted its position in Paragon 28 by 7.0% during the third quarter. Wellington Management Group LLP now owns 694,799 shares of the company's stock valued at $4,641,000 after purchasing an additional 45,215 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in Paragon 28 by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 500,094 shares of the company's stock worth $5,166,000 after buying an additional 9,079 shares in the last quarter. Institutional investors own 63.57% of the company's stock.
Paragon 28 Trading Up 0.0 %
Shares of FNA traded up $0.01 during trading hours on Wednesday, hitting $13.02. The company had a trading volume of 1,005,042 shares, compared to its average volume of 885,220. Paragon 28, Inc. has a 52-week low of $4.65 and a 52-week high of $13.13. 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 stock's 50 day moving average price is $12.67 and its 200 day moving average price is $9.77. The firm has a market cap of $1.09 billion, a P/E ratio of -17.59 and a beta of 1.54.
Paragon 28 (NYSE:FNA - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The company had revenue of $71.75 million during the quarter, compared to analysts' expectations of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. On average, research analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on FNA. Needham & Company LLC reiterated a "hold" rating and issued a $13.00 target price on shares of Paragon 28 in a research report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price objective on Paragon 28 in a report on Wednesday, January 29th. William Blair cut Paragon 28 from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Stephens restated an "equal weight" rating and issued a $13.00 target price (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Paragon 28 has a consensus rating of "Hold" and a consensus target price of $14.20.
Get Our Latest Analysis on FNA
Insider Activity at Paragon 28
In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 27,142 shares of the business's stock in a transaction dated Monday, January 27th. The shares were 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. The trade was a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,875,984 shares of company stock worth $24,359,971 in the last three months. 15.32% of the stock is owned by insiders.
Paragon 28 Company Profile
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Free Report)
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.
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