Venturi Wealth Management LLC Takes Position in Paragon 28, Inc. (NYSE:FNA)

Venturi Wealth Management LLC acquired a new position in shares of Paragon 28, Inc. (NYSE:FNA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,500 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Paragon 28 during the third quarter worth $70,000. Creative Planning bought a new position in shares of Paragon 28 in the third quarter valued at about $91,000. Ballentine Partners LLC bought a new position in shares of Paragon 28 in the third quarter valued at about $91,000. Commerce Bank raised its position in shares of Paragon 28 by 28.5% in the third quarter. Commerce Bank now owns 18,350 shares of the company’s stock valued at $123,000 after purchasing an additional 4,075 shares during the period. Finally, Palumbo Wealth Management LLC bought a new position in Paragon 28 during the fourth quarter worth about $171,000. Institutional investors own 63.57% of the company’s stock.

Insider Activity

In related news, major shareholder Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock in a transaction on Monday, January 27th. The shares were sold at an average price of $11.62, for a total value of $315,390.04. Following the completion of the sale, the insider now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 65,387 shares of company stock worth $733,197 in the last quarter. 15.32% of the stock is owned by corporate insiders.

Paragon 28 Stock Performance

NYSE:FNA opened at $13.01 on Wednesday. The company has a fifty day moving average of $11.61 and a 200-day moving average of $9.05. The firm has a market capitalization of $1.09 billion, a P/E ratio of -17.57 and a beta of 1.54. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $13.35.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FNA shares. Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating and issued a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. 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 report on Thursday, January 30th. Finally, William Blair lowered shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Paragon 28 presently has a consensus rating of “Hold” and a consensus target price of $14.20.

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.