Alliancebernstein L.P. Sells 13,510 Shares of Paragon 28, Inc. (NYSE:FNA)

Alliancebernstein L.P. trimmed its position in Paragon 28, Inc. (NYSE:FNA) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,220 shares of the company’s stock after selling 13,510 shares during the period. Alliancebernstein L.P.’s holdings in Paragon 28 were worth $560,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Paragon 28 by 2.6% during the third quarter. State Street Corp now owns 1,563,331 shares of the company’s stock worth $10,443,000 after purchasing an additional 39,075 shares in the last quarter. Barclays PLC increased its holdings in shares of Paragon 28 by 180.6% in 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Paragon 28 by 2.5% during the third quarter. Geode Capital Management LLC now owns 967,519 shares of the company’s stock worth $6,464,000 after purchasing an additional 23,167 shares during the period. JPMorgan Chase & Co. grew its position in shares of Paragon 28 by 2,141.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock valued at $5,243,000 after purchasing an additional 749,865 shares during the period. Finally, Ballentine Partners LLC increased its stake in Paragon 28 by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after purchasing an additional 2,043 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Paragon 28

In other news, major shareholder Mvm Partners, Llc sold 27,142 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $11.62, for a total value of $315,390.04. Following the transaction, the insider now owns 10,313,841 shares of the company’s stock, valued at approximately $119,846,832.42. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 1,875,984 shares of company stock valued at $24,359,971 in the last quarter. 15.32% of the stock is currently owned by insiders.

Paragon 28 Price Performance

NYSE:FNA opened at $13.09 on Friday. 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 firm has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $10.59. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $13.13. The stock has a market capitalization of $1.10 billion, a PE ratio of -17.69 and a beta of 1.47.

Paragon 28 (NYSE:FNA) last issued its earnings results on Thursday, March 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $71.75 million during the quarter, compared to analyst estimates of $70.81 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. On average, research analysts expect that Paragon 28, Inc. will post -0.64 EPS 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.