Mvm Partners, Llc Sells 27,142 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 27,142 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $11.62, for a total value of $315,390.04. Following the transaction, the insider now directly owns 10,313,841 shares of the company’s stock, valued at $119,846,832.42. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Thursday, January 23rd, Mvm Partners, Llc sold 20,136 shares of Paragon 28 stock. The stock was sold at an average price of $11.63, for a total value of $234,181.68.
• On Wednesday, December 4th, Mvm Partners, Llc sold 18,109 shares of Paragon 28 stock. The shares were sold at an average price of $10.14, for a total transaction of $183,625.26.
• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The stock was sold at an average price of $10.00, for a total transaction of $42,560.00.
• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The shares were sold at an average price of $10.09, for a total transaction of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The stock was sold at an average price of $10.16, for a total transaction of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The stock was sold at an average price of $10.28, for a total value of $1,517,132.68.

Paragon 28 Stock Up 0.3 %

FNA stock opened at $13.03 on Friday. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $14.79. The business’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $8.38. 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 firm has a market capitalization of $1.09 billion, a PE ratio of -17.60 and a beta of 1.50.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.01. The firm had revenue of $62.30 million for the quarter, compared to the consensus estimate of $60.58 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) earnings per share. As a group, research analysts anticipate that Paragon 28, Inc. will post -0.64 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of Paragon 28 by 1.7% during the fourth quarter. Rhumbline Advisers now owns 62,861 shares of the company’s stock worth $649,000 after acquiring an additional 1,024 shares during the period. MN Wealth Advisors LLC boosted its stake in Paragon 28 by 1.4% in the 4th quarter. MN Wealth Advisors LLC now owns 84,535 shares of the company’s stock valued at $873,000 after purchasing an additional 1,200 shares during the period. Ballentine Partners LLC boosted its stake in Paragon 28 by 15.0% in 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 period. The Manufacturers Life Insurance Company increased its position in Paragon 28 by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,992 shares of the company’s stock worth $178,000 after buying an additional 2,142 shares during the period. Finally, Commerce Bank increased its position in Paragon 28 by 28.5% during the 3rd quarter. Commerce Bank now owns 18,350 shares of the company’s stock worth $123,000 after buying an additional 4,075 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Paragon 28 in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating and issued a $13.00 target price on shares of Paragon 28 in a research note on Wednesday. William Blair lowered shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Stephens reissued an “equal weight” rating and issued a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.60.

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.