Vanguard Group Inc. Has $29.02 Million Stock Position in Paragon 28, Inc. (NYSE:FNA)

Vanguard Group Inc. boosted its position in Paragon 28, Inc. (NYSE:FNA) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,809,109 shares of the company’s stock after purchasing an additional 425,983 shares during the period. Vanguard Group Inc. owned 3.36% of Paragon 28 worth $29,018,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp grew its holdings in Paragon 28 by 2.6% in 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 during the period. Geode Capital Management LLC lifted 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 acquiring an additional 23,167 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Paragon 28 by 2,141.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after acquiring an additional 749,865 shares during the period. Wellington Management Group LLP grew its holdings in shares of Paragon 28 by 7.0% during the third quarter. Wellington Management Group LLP now owns 694,799 shares of the company’s stock worth $4,641,000 after purchasing an additional 45,215 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Paragon 28 by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 500,094 shares of the company’s stock worth $5,166,000 after purchasing an additional 9,079 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Wall Street Analyst Weigh In

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

Paragon 28 Price Performance

Shares of FNA stock opened at $13.00 on Tuesday. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $13.13. The company has a market capitalization of $1.09 billion, a P/E ratio of -17.57 and a beta of 1.47. The company’s 50-day simple moving average is $13.03 and its two-hundred day simple moving average is $10.43. 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 (NYSE:FNA) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $71.75 million during the quarter, compared to the consensus estimate of $70.81 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. As a group, equities analysts anticipate that Paragon 28, Inc. will post -0.64 EPS for the current year.

Insider Buying and Selling

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock in a transaction on Monday, January 27th. The shares were sold at an average price of $11.62, for a total value of $315,390.04. Following the completion of the transaction, the insider now owns 10,313,841 shares of the company’s stock, valued at approximately $119,846,832.42. The trade was a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,875,984 shares of company stock worth $24,359,971 in the last 90 days. Insiders own 15.32% of the company’s stock.

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.