Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners Llp Sells 1,780 Shares

Paragon 28, Inc. (NYSE:FNAGet Rating) major shareholder Mvm Partners Llp sold 1,780 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $18.54, for a total transaction of $33,001.20. Following the completion of the sale, the insider now owns 13,914,728 shares in the company, valued at $257,979,057.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, September 14th, Mvm Partners Llp sold 52,235 shares of Paragon 28 stock. The stock was sold at an average price of $18.90, for a total transaction of $987,241.50.
  • On Monday, September 12th, Mvm Partners Llp sold 52,031 shares of Paragon 28 stock. The shares were sold at an average price of $19.04, for a total transaction of $990,670.24.
  • On Friday, September 9th, Mvm Partners Llp sold 29,200 shares of Paragon 28 stock. The stock was sold at an average price of $18.71, for a total value of $546,332.00.
  • On Friday, August 26th, Mvm Partners Llp sold 800 shares of Paragon 28 stock. The stock was sold at an average price of $18.78, for a total value of $15,024.00.
  • On Wednesday, August 24th, Mvm Partners Llp sold 17,876 shares of Paragon 28 stock. The shares were sold at an average price of $18.54, for a total value of $331,421.04.
  • On Wednesday, August 10th, Mvm Partners Llp sold 110,000 shares of Paragon 28 stock. The stock was sold at an average price of $20.35, for a total transaction of $2,238,500.00.
  • On Monday, August 8th, Mvm Partners Llp sold 50,000 shares of Paragon 28 stock. The stock was sold at an average price of $19.52, for a total transaction of $976,000.00.

Paragon 28 Price Performance

NYSE:FNA opened at $17.91 on Tuesday. Paragon 28, Inc. has a 52-week low of $12.35 and a 52-week high of $25.41. The company has a market cap of $1.38 billion and a P/E ratio of -40.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 3.66. The stock’s 50-day simple moving average is $18.45 and its 200 day simple moving average is $17.54.

Paragon 28 (NYSE:FNAGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The company had revenue of $42.50 million for the quarter, compared to analyst estimates of $40.84 million. Paragon 28 had a negative return on equity of 20.84% and a negative net margin of 18.54%. As a group, sell-side analysts forecast that Paragon 28, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNA. JPMorgan Chase & Co. raised its holdings in shares of Paragon 28 by 22.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,252 shares of the company’s stock valued at $71,000 after purchasing an additional 793 shares during the period. Quantbot Technologies LP bought a new stake in Paragon 28 in the second quarter valued at approximately $92,000. Shell Asset Management Co. acquired a new stake in shares of Paragon 28 in the second quarter valued at approximately $111,000. New York State Common Retirement Fund bought a new position in shares of Paragon 28 during the 1st quarter worth approximately $139,000. Finally, Legal & General Group Plc raised its stake in Paragon 28 by 1,205.8% in the 2nd quarter. Legal & General Group Plc now owns 11,622 shares of the company’s stock valued at $185,000 after acquiring an additional 10,732 shares during the period. Institutional investors own 20.22% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FNA. JMP Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Paragon 28 in a research report on Wednesday, June 1st. Canaccord Genuity Group upped their price objective on Paragon 28 from $20.00 to $25.00 in a research report on Friday, August 5th. Finally, Needham & Company LLC lifted their target price on Paragon 28 from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $26.43.

About Paragon 28

(Get Rating)

Paragon 28, Inc designs, 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.

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