The Manufacturers Life Insurance Company Has $188,000 Stock Position in Paragon 28, Inc. (NYSE:FNA)

The Manufacturers Life Insurance Company trimmed its position in Paragon 28, Inc. (NYSE:FNA) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,200 shares of the company’s stock after selling 1,015 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Paragon 28 were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FNA. Venturi Wealth Management LLC bought a new position in Paragon 28 during the fourth quarter worth $36,000. AlphaQuest LLC increased its position in Paragon 28 by 33.6% during the fourth quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock worth $38,000 after acquiring an additional 925 shares during the period. KLP Kapitalforvaltning AS bought a new position in Paragon 28 during the fourth quarter worth $94,000. New York State Common Retirement Fund increased 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 during the period. Finally, Ballentine Partners LLC increased its position in Paragon 28 by 15.0% during the fourth quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after acquiring an additional 2,043 shares during the period. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Paragon 28 Stock Up 0.1%

Shares of NYSE:FNA opened at $13.11 on Monday. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $13.13. The company’s 50-day moving average price is $13.06 and its two-hundred day moving average price is $11.70. 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 firm has a market cap of $1.10 billion, a P/E ratio of -17.71 and a beta of 1.47.

Paragon 28 (NYSE:FNA) last released its 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). The business had revenue of $71.75 million for 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, research analysts forecast that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 619,747 shares of Paragon 28 stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $12.99, for a total transaction of $8,050,513.53. Following the completion of the transaction, the insider now directly owns 9,609,771 shares of the company’s stock, valued at $124,830,925.29. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,828,706 shares of company stock valued at $23,810,399 in the last ninety days. 15.32% of the stock is currently owned by corporate insiders.

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.