74,848 Shares in Paragon 28, Inc. (NYSE:FNA) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in shares of Paragon 28, Inc. (NYSE:FNA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 74,848 shares of the company’s stock, valued at approximately $773,000. BNP Paribas Financial Markets owned approximately 0.09% of Paragon 28 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Paragon 28 by 17.9% during the fourth quarter. Vanguard Group Inc. now owns 2,809,109 shares of the company’s stock valued at $29,018,000 after acquiring an additional 425,983 shares in the last quarter. First Light Asset Management LLC grew its position in Paragon 28 by 4.2% during the 4th quarter. First Light Asset Management LLC now owns 10,580,467 shares of the company’s stock valued at $109,296,000 after purchasing an additional 425,824 shares during the last quarter. Jump Financial LLC bought a new stake in Paragon 28 during the 4th quarter valued at about $629,000. Marshall Wace LLP raised its holdings in 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 during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Paragon 28 in the fourth quarter worth about $560,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Paragon 28 Trading Up 0.1%

Shares of FNA stock opened at $13.11 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.47. Paragon 28, Inc. has a 1 year low of $4.65 and a 1 year high of $13.13. The firm has a fifty day moving average price of $13.07 and a 200-day moving average price of $11.82.

Paragon 28 (NYSE:FNA) last released its earnings results on Thursday, March 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $71.75 million for the quarter, compared to analysts’ expectations 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 predict that Paragon 28, Inc. will post -0.64 earnings per share for the current year.

Insider Buying and Selling

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $13.04, for a total value of $13,617,606.80. Following the completion of the sale, the insider now owns 7,810,588 shares in the company, valued at approximately $101,850,067.52. This represents a 11.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 1,828,706 shares of company stock valued at $23,810,399. 15.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FNA has been the subject of several analyst reports. William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research report 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. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a report on Wednesday, January 29th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Paragon 28 presently has an average rating of “Hold” and an average target price of $12.75.

About Paragon 28

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.