Paragon 28, Inc. (NYSE:FNA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Paragon 28, Inc. (NYSE:FNA) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 978,832 shares of the company’s stock after purchasing an additional 11,313 shares during the period. Geode Capital Management LLC’s holdings in Paragon 28 were worth $10,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FNA. Venturi Wealth Management LLC acquired a new stake in shares of Paragon 28 during the fourth quarter worth $36,000. AlphaQuest LLC raised its stake in Paragon 28 by 33.6% in the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock worth $38,000 after acquiring an additional 925 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Paragon 28 during the 4th quarter worth about $94,000. New York State Common Retirement Fund grew its stake in Paragon 28 by 374.6% during the 4th quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock valued at $151,000 after purchasing an additional 11,500 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in Paragon 28 by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock valued at $161,000 after purchasing an additional 2,043 shares during the last quarter. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insiders Place Their Bets

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 27,142 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $11.62, for a total value of $315,390.04. Following the sale, the insider now directly owns 10,313,841 shares of the company’s stock, valued at approximately $119,846,832.42. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 1,875,984 shares of company stock worth $24,359,971. Company insiders own 15.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FNA. Canaccord Genuity Group set a $13.00 price objective on Paragon 28 in a research note on Wednesday, January 29th. 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. 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, Stephens reiterated an “equal weight” rating and issued a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Paragon 28 has a consensus rating of “Hold” and an average price target of $14.20.

Paragon 28 Trading Up 0.1 %

Shares of NYSE:FNA opened at $13.11 on Wednesday. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. Paragon 28, Inc. has a 12-month low of $4.65 and a 12-month high of $13.13. The business has a 50 day moving average of $13.03 and a two-hundred day moving average of $10.69. The company has a market capitalization of $1.10 billion, a PE ratio of -17.71 and a beta of 1.47.

Paragon 28 (NYSE:FNA) last posted 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). The firm 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, analysts forecast that Paragon 28, Inc. will post -0.64 EPS 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.