Paragon 28, Inc. (NYSE:FNA) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) by 2,141.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 784,878 shares of the company's stock after acquiring an additional 749,865 shares during the period. JPMorgan Chase & Co. owned 0.94% of Paragon 28 worth $5,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNA. Barclays PLC raised its holdings in Paragon 28 by 180.6% in the 3rd quarter. Barclays PLC now owns 84,812 shares of the company's stock valued at $567,000 after acquiring an additional 54,591 shares during the last quarter. Millennium Management LLC grew its position in shares of Paragon 28 by 5,834.0% in the second quarter. Millennium Management LLC now owns 725,489 shares of the company's stock valued at $4,962,000 after purchasing an additional 713,263 shares during the period. GSA Capital Partners LLP acquired a new position in Paragon 28 in the third quarter valued at $386,000. First Light Asset Management LLC increased its stake in Paragon 28 by 115.0% in the second quarter. First Light Asset Management LLC now owns 8,174,832 shares of the company's stock valued at $55,916,000 after purchasing an additional 4,371,864 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Paragon 28 by 15.4% during the second quarter. Thrivent Financial for Lutherans now owns 1,021,188 shares of the company's stock worth $6,986,000 after buying an additional 135,911 shares during the period. Hedge funds and other institutional investors own 63.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stephens upgraded Paragon 28 to a "strong-buy" rating in a report on Monday, December 2nd. Needham & Company LLC restated a "buy" rating and issued a $13.00 target price on shares of Paragon 28 in a report on Monday. Finally, Canaccord Genuity Group dropped their price target on shares of Paragon 28 from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Paragon 28 has an average rating of "Buy" and an average target price of $15.60.

Paragon 28 Trading Up 1.8 %

NYSE:FNA traded up $0.19 on Friday, hitting $10.85. 707,932 shares of the stock were exchanged, compared to its average volume of 586,794. The stock has a fifty day moving average of $10.18 and a 200-day moving average of $8.10. The stock has a market cap of $908.61 million, a PE ratio of -14.67 and a beta of 1.50. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. Paragon 28, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $14.79.

Paragon 28 (NYSE:FNA - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.01. The firm had revenue of $62.30 million during the quarter, compared to the consensus estimate of $60.58 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The company's revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, equities analysts expect that Paragon 28, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Transactions at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 147,581 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $10.28, for a total transaction of $1,517,132.68. Following the transaction, the insider now owns 10,738,564 shares in the company, valued at $110,392,437.92. The trade was a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 252,914 shares of company stock valued at $2,585,514 over the last 90 days. Corporate insiders own 15.32% 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.