6,985 Shares in Paragon 28, Inc. (NYSE:FNA) Bought by Shell Asset Management Co.

Shell Asset Management Co. acquired a new position in shares of Paragon 28, Inc. (NYSE:FNAGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,985 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Paragon 28 by 22.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,252 shares of the company’s stock worth $71,000 after buying an additional 793 shares during the period. New York State Common Retirement Fund acquired a new stake in Paragon 28 during the 1st quarter worth $139,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Paragon 28 during the 2nd quarter worth $209,000. Renaissance Technologies LLC acquired a new stake in Paragon 28 during the 1st quarter worth $248,000. Finally, PFG Advisors acquired a new stake in shares of Paragon 28 in the 2nd quarter valued at about $331,000. Institutional investors and hedge funds own 20.22% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Lee Rosenthal sold 61,001 shares of Paragon 28 stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $18.48, for a total transaction of $1,127,298.48. Following the completion of the transaction, the insider now owns 75,607 shares in the company, valued at $1,397,217.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Lee Rosenthal sold 61,001 shares of Paragon 28 stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $18.48, for a total transaction of $1,127,298.48. Following the completion of the transaction, the insider now owns 75,607 shares in the company, valued at $1,397,217.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Mvm Partners Llp sold 27,487 shares of Paragon 28 stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $19.91, for a total value of $547,266.17. Following the transaction, the insider now owns 13,786,746 shares of the company’s stock, valued at approximately $274,494,112.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 347,175 shares of company stock worth $6,569,030. Company insiders own 19.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC lifted their price target on Paragon 28 from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Canaccord Genuity Group lifted their price target on Paragon 28 from $20.00 to $25.00 in a research note on Friday, August 5th. Finally, Piper Sandler lifted their price target on Paragon 28 to $32.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Paragon 28 currently has an average rating of “Buy” and an average target price of $26.50.

Paragon 28 Price Performance

NYSE:FNA opened at $19.53 on Friday. Paragon 28, Inc. has a 52-week low of $12.35 and a 52-week high of $22.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.28 and a current ratio of 3.60. The company has a market cap of $1.51 billion and a P/E ratio of -43.40. The stock’s 50-day simple moving average is $18.15 and its 200 day simple moving average is $17.72.

Paragon 28 Profile

(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.

See Also

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Institutional Ownership by Quarter for Paragon 28 (NYSE:FNA)

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