Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners Llp Sells 29,200 Shares of Stock

Paragon 28, Inc. (NYSE:FNAGet Rating) major shareholder Mvm Partners Llp sold 29,200 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $18.71, for a total transaction of $546,332.00. Following the transaction, the insider now directly owns 14,027,392 shares of the company’s stock, valued at $262,452,504.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, September 12th, Mvm Partners Llp sold 52,031 shares of Paragon 28 stock. The stock was sold at an average price of $19.04, for a total transaction of $990,670.24.
  • 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 transaction of $15,024.00.
  • On Wednesday, August 24th, Mvm Partners Llp sold 17,876 shares of Paragon 28 stock. The stock was sold at an average price of $18.54, for a total transaction of $331,421.04.
  • On Wednesday, August 10th, Mvm Partners Llp sold 110,000 shares of Paragon 28 stock. The shares were 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 shares were sold at an average price of $19.52, for a total transaction of $976,000.00.

Paragon 28 Stock Down 2.0 %

FNA stock opened at $18.51 on Wednesday. The company’s 50 day simple moving average is $18.50 and its 200-day simple moving average is $17.50. The firm has a market capitalization of $1.42 billion and a PE ratio of -42.07. Paragon 28, Inc. has a 12 month low of $12.35 and a 12 month high of $25.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.66 and a quick ratio of 2.49.

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

Institutional Trading of Paragon 28

Hedge funds have recently bought and sold shares of the company. Roubaix Capital LLC boosted its position in Paragon 28 by 62.5% during the first quarter. Roubaix Capital LLC now owns 206,701 shares of the company’s stock worth $3,460,000 after acquiring an additional 79,463 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Paragon 28 during the first quarter worth approximately $5,405,000. Calamos Advisors LLC boosted its position in Paragon 28 by 271.6% during the first quarter. Calamos Advisors LLC now owns 111,277 shares of the company’s stock worth $1,863,000 after acquiring an additional 81,331 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new stake in Paragon 28 during the fourth quarter worth approximately $232,000. Finally, Pentwater Capital Management LP acquired a new stake in Paragon 28 during the fourth quarter worth approximately $1,061,000. Institutional investors and hedge funds own 20.22% of the company’s stock.

Analysts Set New Price Targets

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

Paragon 28 Company 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.

Further Reading

Insider Buying and Selling by Quarter for Paragon 28 (NYSE:FNA)

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