Dimensional Fund Advisors LP Increases Position in Paragon 28, Inc. (NYSE:FNA)

Dimensional Fund Advisors LP raised its holdings in Paragon 28, Inc. (NYSE:FNA) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,405 shares of the company’s stock after purchasing an additional 7,582 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Paragon 28 worth $1,037,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FNA. JPMorgan Chase & Co. grew its position in shares of Paragon 28 by 2,141.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock valued at $5,243,000 after acquiring an additional 749,865 shares during the period. Barclays PLC boosted its holdings in Paragon 28 by 180.6% in the 3rd quarter. Barclays PLC now owns 84,812 shares of the company’s stock worth $567,000 after buying an additional 54,591 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Paragon 28 by 374.6% in the 4th quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock worth $151,000 after buying an additional 11,500 shares during the last quarter. Rhumbline Advisers boosted its holdings in Paragon 28 by 1.7% in the 4th quarter. Rhumbline Advisers now owns 62,861 shares of the company’s stock worth $649,000 after buying an additional 1,024 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Paragon 28 by 15.0% in the 4th quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after buying an additional 2,043 shares during the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FNA has been the topic of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. 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 one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.75.

Insider Buying and Selling

In other news, major shareholder Mvm Partners, Llc sold 164,664 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $13.01, for a total transaction of $2,142,278.64. Following the completion of the sale, the insider now owns 8,854,883 shares in the company, valued at approximately $115,202,027.83. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 1,828,706 shares of company stock worth $23,810,399 in the last ninety days. Insiders own 15.32% of the company’s stock.

Paragon 28 Trading Up 0.1%

Shares of FNA stock opened at $13.11 on Friday. Paragon 28, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $13.13. The company has a 50 day moving average price of $13.06 and a 200 day moving average price of $11.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The stock has a market capitalization of $1.10 billion, a P/E ratio of -17.71 and a beta of 1.47.

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

Paragon 28 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.