57,744 Shares in Paragon 28, Inc. (NYSE:FNA) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 57,744 shares of the company's stock, valued at approximately $386,000. GSA Capital Partners LLP owned 0.07% of Paragon 28 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank lifted its position in shares of Paragon 28 by 12.7% in the 1st quarter. Swiss National Bank now owns 73,400 shares of the company's stock worth $906,000 after purchasing an additional 8,300 shares during the period. Vanguard Group Inc. boosted its position in Paragon 28 by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 2,106,217 shares of the company's stock valued at $26,012,000 after acquiring an additional 55,851 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Paragon 28 by 16.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $156,000 after acquiring an additional 1,766 shares during the period. Janus Henderson Group PLC raised its position in shares of Paragon 28 by 29.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,199,819 shares of the company's stock worth $14,818,000 after acquiring an additional 273,077 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Paragon 28 by 46,660.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company's stock valued at $32,000 after purchasing an additional 4,666 shares in the last quarter. 63.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Paragon 28 from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Piper Sandler reissued an "overweight" rating and issued a $12.00 target price (down from $15.00) on shares of Paragon 28 in a research report on Friday, August 9th. Finally, Canaccord Genuity Group reduced their price objective on Paragon 28 from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $15.60.

Paragon 28 Stock Performance

FNA stock traded down $0.38 during trading on Friday, hitting $10.06. 909,821 shares of the company traded hands, compared to its average volume of 614,084. 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 stock's 50-day simple moving average is $6.66 and its 200 day simple moving average is $7.25. Paragon 28, Inc. has a 1 year low of $4.65 and a 1 year high of $14.79. The company has a market cap of $841.80 million, a PE ratio of -14.09 and a beta of 1.01.

Paragon 28 (NYSE:FNA - Get Free Report) last posted 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 net margin of 25.31% and a negative return on equity of 37.90%. The business had revenue of $62.30 million for the quarter, compared to the consensus estimate of $60.58 million. During the same period last year, the firm posted ($0.10) earnings per share. The company's revenue was up 18.0% compared to the same quarter last year. On average, equities analysts expect that Paragon 28, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $10.28, for a total value of $1,517,132.68. Following the completion of the sale, the insider now directly owns 10,738,564 shares of the company's stock, valued at approximately $110,392,437.92. The trade was a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.32% of the company's stock.

Paragon 28 Company Profile

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.