Mvm Partners, Llc Sells 1,044,295 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 1,044,295 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $13.04, for a total transaction of $13,617,606.80. Following the completion of the sale, the insider now directly owns 7,810,588 shares in the company, valued at approximately $101,850,067.52. The trade was a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, March 6th, Mvm Partners, Llc sold 164,664 shares of Paragon 28 stock. The stock was sold at an average price of $13.01, for a total transaction of $2,142,278.64.
• On Tuesday, March 4th, Mvm Partners, Llc sold 619,747 shares of Paragon 28 stock. The shares were sold at an average price of $12.99, for a total transaction of $8,050,513.53.
• On Monday, January 27th, Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock. The stock was sold at an average price of $11.62, for a total value of $315,390.04.
• 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.

Paragon 28 Trading Down 0.3 %

Shares of Paragon 28 stock traded down $0.04 during trading hours on Thursday, hitting $13.03. The company’s stock had a trading volume of 3,856,627 shares, compared to its average volume of 858,794. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $13.13. The firm has a fifty day moving average of $12.28 and a 200-day moving average of $9.47. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -17.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50.

Paragon 28 (NYSE:FNA) last announced its quarterly earnings results on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The business had revenue of $71.75 million during the quarter, compared to analyst estimates of $70.81 million. Research analysts forecast that Paragon 28, Inc. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FNA. Stephens reiterated an “equal weight” rating and set a $13.00 price target (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Canaccord Genuity Group set a $13.00 price objective on Paragon 28 in a research note on Wednesday, January 29th. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC reissued a “hold” rating and set a $13.00 price objective on shares of Paragon 28 in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.20.

Institutional Investors Weigh In On Paragon 28

Several large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new position in shares of Paragon 28 in the 4th quarter valued at about $36,000. AlphaQuest LLC increased its holdings in shares of Paragon 28 by 33.6% in the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock valued at $38,000 after acquiring an additional 925 shares during the period. State of Wyoming increased its holdings in shares of Paragon 28 by 37.4% in the 4th quarter. State of Wyoming now owns 4,359 shares of the company’s stock valued at $45,000 after acquiring an additional 1,187 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Paragon 28 in the 4th quarter valued at $94,000. Finally, Intech Investment Management LLC acquired a new position in shares of Paragon 28 in the 3rd quarter valued at $70,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

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.