Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $13,617,606.80 in Stock

Paragon 28, Inc. (NYSE:FNA - Get Free Report) major shareholder Mvm Partners, Llc sold 1,044,295 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $13.04, for a total value of $13,617,606.80. Following the completion of the sale, the insider now directly owns 7,810,588 shares in the company, valued at approximately $101,850,067.52. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Thursday, March 6th, Mvm Partners, Llc sold 164,664 shares of Paragon 28 stock. The shares were sold at an average price of $13.01, for a total value of $2,142,278.64.
• On Tuesday, March 4th, Mvm Partners, Llc sold 619,747 shares of Paragon 28 stock. The stock was sold at an average price of $12.99, for a total value of $8,050,513.53.
• On Monday, January 27th, Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock. The stock was sold at an average price of $11.62, for a total value of $315,390.04.
• On Thursday, January 23rd, Mvm Partners, Llc sold 20,136 shares of Paragon 28 stock. The stock was sold at an average price of $11.63, for a total value of $234,181.68.

Paragon 28 Trading Down 0.1 %

NYSE:FNA traded down $0.02 on Monday, reaching $13.02. The company's stock had a trading volume of 1,233,692 shares, compared to its average volume of 865,729. Paragon 28, Inc. has a 12-month low of $4.65 and a 12-month 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 firm has a market cap of $1.09 billion, a price-to-earnings ratio of -17.59 and a beta of 1.54. The stock has a 50 day moving average price of $12.32 and a 200 day moving average price of $9.52.

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Paragon 28 (NYSE:FNA - Get Free Report) last posted its 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). Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The business had revenue of $71.75 million during the quarter, compared to analysts' expectations of $70.81 million. On average, 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 analysts have recently issued reports on the company. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a research note on Wednesday, January 29th. Stephens reaffirmed an "equal weight" rating and issued a $13.00 price target (down from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Needham & Company LLC reaffirmed a "hold" rating and issued a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Finally, William Blair lowered Paragon 28 from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.20.

Institutional Investors Weigh In On Paragon 28

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC purchased a new stake in Paragon 28 in the fourth quarter valued at $36,000. AlphaQuest LLC raised its holdings in shares of Paragon 28 by 33.6% in the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company's stock valued at $38,000 after buying an additional 925 shares during the period. State of Wyoming raised its holdings in shares of Paragon 28 by 37.4% in the 4th quarter. State of Wyoming now owns 4,359 shares of the company's stock valued at $45,000 after buying an additional 1,187 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Paragon 28 in the 3rd quarter valued at $70,000. Finally, Creative Planning purchased a new stake in shares of Paragon 28 in the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 63.57% 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.