13,272 Shares in Paragon 28, Inc. (NYSE:FNA) Acquired by ProShare Advisors LLC

ProShare Advisors LLC bought a new stake in Paragon 28, Inc. (NYSE:FNA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,272 shares of the company’s stock, valued at approximately $137,000.

Several other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of Paragon 28 in the 4th quarter valued at $36,000. AlphaQuest LLC lifted its holdings in shares of Paragon 28 by 33.6% during the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock valued at $38,000 after purchasing an additional 925 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Paragon 28 during the 4th quarter worth approximately $94,000. Balyasny Asset Management L.P. bought a new position in Paragon 28 in the fourth quarter valued at approximately $137,000. Finally, New York State Common Retirement Fund raised its position in Paragon 28 by 374.6% during the fourth quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock worth $151,000 after acquiring an additional 11,500 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Paragon 28 Stock Performance

Shares of NYSE FNA opened at $13.11 on Tuesday. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.10 billion, a P/E ratio of -17.71 and a beta of 1.47. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $13.13. The stock has a 50 day moving average of $13.08 and a 200-day moving average of $12.12.

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

Insider Transactions at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of Paragon 28 stock in a transaction dated Thursday, March 13th. The shares were 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 $101,850,067.52. The trade was a 11.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.32% of the company’s stock.

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.