Dimensional Fund Advisors LP Has $908,000 Stock Holdings in Paragon 28, Inc. (NYSE:FNA)

Dimensional Fund Advisors LP reduced its stake in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) by 49.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,738 shares of the company's stock after selling 129,946 shares during the period. Dimensional Fund Advisors LP owned 0.16% of Paragon 28 worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in Paragon 28 in the 4th quarter worth approximately $25,000. Nisa Investment Advisors LLC grew its position in Paragon 28 by 46,660.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company's stock worth $32,000 after purchasing an additional 4,666 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of Paragon 28 during the 2nd quarter worth about $68,000. Price T Rowe Associates Inc. MD raised its position in shares of Paragon 28 by 16.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $156,000 after buying an additional 1,766 shares during the last quarter. Finally, Capstone Investment Advisors LLC lifted its stake in shares of Paragon 28 by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company's stock valued at $269,000 after buying an additional 1,800 shares during the period. Institutional investors and hedge funds own 63.57% of the company's stock.

Paragon 28 Stock Up 4.3 %

FNA stock traded up $0.25 during trading hours on Monday, reaching $5.97. 345,408 shares of the stock were exchanged, compared to its average volume of 596,364. The firm's 50-day moving average is $7.16 and its 200-day moving average is $7.90. Paragon 28, Inc. has a 12 month low of $4.84 and a 12 month high of $14.79. The company has a market cap of $494.80 million, a price-to-earnings ratio of -9.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.57 and a quick ratio of 1.70.

Paragon 28 (NYSE:FNA - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.17). The company had revenue of $61.02 million for the quarter, compared to analysts' expectations of $60.08 million. Paragon 28 had a negative return on equity of 32.39% and a negative net margin of 24.64%. The business's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.13) EPS. On average, equities research analysts expect that Paragon 28, Inc. will post -0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on FNA shares. Needham & Company LLC cut their price target on Paragon 28 from $14.00 to $11.00 and set a "buy" rating for the company in a report on Friday, August 9th. Piper Sandler reissued an "overweight" rating and set a $12.00 price target (down from $15.00) on shares of Paragon 28 in a report on Friday, August 9th.

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.