Northern Trust Corp Buys 30,199 Shares of Paragon 28, Inc. (NYSE:FNA)

Northern Trust Corp increased its stake in shares of Paragon 28, Inc. (NYSE:FNA) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 456,572 shares of the company’s stock after acquiring an additional 30,199 shares during the quarter. Northern Trust Corp owned about 0.55% of Paragon 28 worth $4,716,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Paragon 28 by 17.9% during the 4th quarter. Vanguard Group Inc. now owns 2,809,109 shares of the company’s stock valued at $29,018,000 after purchasing an additional 425,983 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Paragon 28 in the fourth quarter worth about $629,000. Marshall Wace LLP lifted its position in shares of Paragon 28 by 197.6% in the fourth quarter. Marshall Wace LLP now owns 91,713 shares of the company’s stock worth $947,000 after buying an additional 60,891 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Paragon 28 during the fourth quarter valued at approximately $560,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Paragon 28 during the 4th quarter valued at approximately $547,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 price objective on shares of Paragon 28 in a report on Wednesday, January 29th. Stephens reaffirmed an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. William Blair cut shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group set a $13.00 target price on shares of Paragon 28 in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.75.

Insiders Place Their Bets

In other news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of Paragon 28 stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $13.04, for a total transaction of $13,617,606.80. Following the completion of the sale, the insider now owns 7,810,588 shares of the company’s stock, valued at approximately $101,850,067.52. The trade was a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,828,706 shares of company stock worth $23,810,399 over the last quarter. Company insiders own 15.32% of the company’s stock.

Paragon 28 Stock Up 0.1%

NYSE FNA opened at $13.11 on Thursday. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $13.13. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $13.07 and a two-hundred day moving average of $11.77.

Paragon 28 (NYSE:FNA) last announced 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). 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 for the quarter, compared to analysts’ expectations of $70.81 million. On average, analysts predict that Paragon 28, Inc. will post -0.64 earnings per share for the current 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.