Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners, Llc Sells 4,256 Shares

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 4,256 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $10.00, for a total value of $42,560.00. Following the completion of the transaction, the insider now directly owns 10,499,960 shares of the company’s stock, valued at approximately $104,999,600. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The stock was sold at an average price of $10.09, for a total value of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The stock was sold at an average price of $10.16, for a total value of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The shares were sold at an average price of $10.28, for a total value of $1,517,132.68.

Paragon 28 Price Performance

FNA stock traded up $0.32 during trading on Friday, hitting $10.31. The stock had a trading volume of 340,824 shares, compared to its average volume of 612,588. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $14.79. The stock has a market capitalization of $863.15 million, a P/E ratio of -13.93 and a beta of 1.01. The company’s 50-day moving average price is $7.02 and its two-hundred day moving average price is $7.29.

Paragon 28 (NYSE:FNA) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.01. The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $60.58 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) EPS. As a group, research analysts predict that Paragon 28, Inc. will post -0.66 EPS for the current fiscal year.

Institutional Trading of Paragon 28

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in Paragon 28 by 46,660.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $32,000 after acquiring an additional 4,666 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in Paragon 28 in the second quarter valued at about $68,000. Intech Investment Management LLC acquired a new stake in shares of Paragon 28 during the 3rd quarter valued at approximately $70,000. Ballentine Partners LLC acquired a new stake in shares of Paragon 28 during the 3rd quarter valued at approximately $91,000. Finally, Creative Planning acquired a new stake in shares of Paragon 28 during the 3rd quarter valued at approximately $91,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FNA shares. Canaccord Genuity Group decreased their price objective on Paragon 28 from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Needham & Company LLC increased their price objective on Paragon 28 from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $12.00 target price (down previously from $15.00) on shares of Paragon 28 in a research report on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $15.60.

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.