MN Wealth Advisors LLC Boosts Holdings in Paragon 28, Inc. (NYSE:FNA)

MN Wealth Advisors LLC increased its holdings in Paragon 28, Inc. (NYSE:FNA) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 84,535 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. MN Wealth Advisors LLC’s holdings in Paragon 28 were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Paragon 28 by 180.6% in the third quarter. Barclays PLC now owns 84,812 shares of the company’s stock worth $567,000 after buying an additional 54,591 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Paragon 28 by 2,141.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after acquiring an additional 749,865 shares during the period. GSA Capital Partners LLP bought a new stake in Paragon 28 during the 3rd quarter worth approximately $386,000. Ballentine Partners LLC raised 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 worth $161,000 after acquiring an additional 2,043 shares during the period. Finally, State Street Corp raised its stake in Paragon 28 by 2.6% during the 3rd quarter. State Street Corp now owns 1,563,331 shares of the company’s stock worth $10,443,000 after acquiring an additional 39,075 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insider Activity at Paragon 28

In related news, major shareholder Mvm Partners, Llc sold 20,136 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total value of $234,181.68. Following the completion of the transaction, the insider now directly owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 300,192 shares of company stock valued at $3,135,086. 15.32% of the stock is owned by corporate insiders.

Paragon 28 Trading Down 0.0 %

FNA stock opened at $13.06 on Friday. The firm has a fifty day moving average price of $11.24 and a 200 day moving average price of $8.78. Paragon 28, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $14.78. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The firm has a market cap of $1.09 billion, a PE ratio of -17.64 and a beta of 1.54.

Analyst Ratings Changes

A number of research firms have commented on FNA. Canaccord Genuity Group restated a “hold” rating on shares of Paragon 28 in a research note on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating and set a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reiterated an “equal weight” rating and set a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Finally, William Blair cut shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Paragon 28 currently has an average rating of “Hold” and a consensus price target of $14.60.

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.