Quantbot Technologies LP Makes New Investment in Paragon 28, Inc. (NYSE:FNA)

Quantbot Technologies LP acquired a new stake in Paragon 28, Inc. (NYSE:FNA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,911 shares of the company's stock, valued at approximately $237,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Paragon 28 by 2,141.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company's stock worth $5,243,000 after buying an additional 749,865 shares during the period. Barclays PLC raised its position in shares of Paragon 28 by 180.6% during the third quarter. Barclays PLC now owns 84,812 shares of the company's stock worth $567,000 after acquiring an additional 54,591 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Paragon 28 in the fourth quarter worth approximately $547,000. Los Angeles Capital Management LLC acquired a new position in shares of Paragon 28 in the fourth quarter worth approximately $505,000. Finally, Wellington Management Group LLP increased its position in Paragon 28 by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 694,799 shares of the company's stock valued at $4,641,000 after purchasing an additional 45,215 shares during the period. Institutional investors own 63.57% of the company's stock.

Paragon 28 Stock Up 0.2 %

NYSE FNA traded up $0.02 on Wednesday, hitting $13.08. 390,381 shares of the company were exchanged, compared to its average volume of 897,295. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.10 billion, a PE ratio of -17.68 and a beta of 1.54. The stock has a fifty day moving average of $12.93 and a 200-day moving average of $9.99. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $13.13.

Paragon 28 (NYSE:FNA - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) earnings per share (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%. As a group, analysts forecast that Paragon 28, Inc. will post -0.64 earnings per share for the current year.

Analysts Set New Price Targets

FNA has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "hold" rating and issued a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. William Blair lowered shares of Paragon 28 from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Finally, Stephens reissued an "equal weight" rating and issued a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.20.

Insiders Place Their Bets

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 20,136 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total transaction of $234,181.68. Following the transaction, the insider now owns 10,366,009 shares in the company, valued at approximately $120,556,684.67. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 1,875,984 shares of company stock worth $24,359,971. Corporate insiders own 15.32% of the company's stock.

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.