Inspire Investing LLC Decreases Stake in Paragon 28, Inc. (NYSE:FNA)

Inspire Investing LLC cut its position in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,601 shares of the company's stock after selling 23,547 shares during the quarter. Inspire Investing LLC's holdings in Paragon 28 were worth $399,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FNA. Intech Investment Management LLC purchased a new position in shares of Paragon 28 during the 3rd quarter worth approximately $70,000. Creative Planning acquired a new stake in Paragon 28 during the 3rd quarter valued at $91,000. Ballentine Partners LLC purchased a new position in Paragon 28 during the third quarter worth $91,000. Hsbc Holdings PLC acquired a new position in shares of Paragon 28 in the second quarter worth $104,000. Finally, Commerce Bank lifted its position in shares of Paragon 28 by 28.5% in the third quarter. Commerce Bank now owns 18,350 shares of the company's stock valued at $123,000 after acquiring an additional 4,075 shares in the last quarter. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Paragon 28

In other news, major shareholder Mvm Partners, Llc sold 72,133 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $10.16, for a total value of $732,871.28. Following the completion of the sale, the insider now owns 10,559,065 shares of the company's stock, valued at $107,280,100.40. This represents a 0.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 300,192 shares of company stock worth $3,135,086 in the last three months. 15.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FNA. Needham & Company LLC reissued a "hold" rating and issued a $13.00 target price on shares of Paragon 28 in a research note on Wednesday. Stephens reissued an "equal weight" rating and issued a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday. William Blair cut shares of Paragon 28 from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Finally, Canaccord Genuity Group reiterated a "hold" rating on shares of Paragon 28 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $14.60.

Paragon 28 Trading Down 0.0 %

Paragon 28 stock traded down $0.01 during trading on Friday, reaching $13.03. The company had a trading volume of 2,052,759 shares, compared to its average volume of 1,811,944. Paragon 28, Inc. has a 12-month low of $4.65 and a 12-month high of $14.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The stock's 50 day moving average price is $10.59 and its two-hundred day moving average price is $8.42. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.60 and a beta of 1.50.

Paragon 28 (NYSE:FNA - Get Free Report) last announced 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 company had revenue of $62.30 million during the quarter, compared to analysts' expectations of $60.58 million. During the same period in the previous year, the company earned ($0.10) EPS. The business's quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts expect that Paragon 28, Inc. will post -0.64 earnings per share for the current fiscal year.

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.