OneAscent Financial Services LLC Takes $233,000 Position in Paragon 28, Inc. (NYSE:FNA)

OneAscent Financial Services LLC bought a new stake in Paragon 28, Inc. (NYSE:FNA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,575 shares of the company's stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also bought and sold shares of FNA. Geode Capital Management LLC increased its position in shares of Paragon 28 by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 978,832 shares of the company's stock worth $10,113,000 after purchasing an additional 11,313 shares during the last quarter. Franklin Resources Inc. acquired a new position in Paragon 28 during the fourth quarter worth $228,000. JPMorgan Chase & Co. raised its position in Paragon 28 by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 808,611 shares of the company's stock worth $8,353,000 after acquiring an additional 23,733 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Paragon 28 by 17.9% during the 4th quarter. Vanguard Group Inc. now owns 2,809,109 shares of the company's stock worth $29,018,000 after purchasing an additional 425,983 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Paragon 28 in the 4th quarter valued at about $94,000. Institutional investors own 63.57% of the company's stock.

Paragon 28 Stock Performance

Shares of FNA traded up $0.02 during mid-day trading on Thursday, hitting $13.01. 874,088 shares of the company's stock were exchanged, compared to its average volume of 935,067. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $13.13. The stock's 50-day simple moving average is $13.03 and its 200-day simple moving average is $10.26. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -17.57 and a beta of 1.47.

Paragon 28 (NYSE:FNA - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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, equities research analysts expect that Paragon 28, Inc. will post -0.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FNA. Stephens reissued an "equal weight" rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. William Blair cut shares of Paragon 28 from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Needham & Company LLC reissued a "hold" rating and issued a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.20.

Insider Buying and Selling at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $13.04, for a total transaction of $13,617,606.80. Following the sale, the insider now owns 7,810,588 shares of the company's stock, valued at approximately $101,850,067.52. This represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,875,984 shares of company stock worth $24,359,971. 15.32% of the stock is currently owned by insiders.

Paragon 28 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.