Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $8,050,513.53 in Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 619,747 shares of Paragon 28 stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $12.99, for a total value 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 approximately $124,830,925.29. This represents a 6.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares 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 value of $2,142,278.64.
• 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 0.0 %

Paragon 28 stock opened at $13.03 on Friday. Paragon 28, Inc. has a 52-week low of $4.65 and a 52-week high of $13.13. The company has a market cap of $1.09 billion, a P/E ratio of -17.60 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. The business has a 50-day simple moving average of $12.07 and a two-hundred day simple moving average of $9.34.

Hedge Funds Weigh In On Paragon 28

A number of institutional investors and hedge funds have recently made changes to their positions in FNA. AlphaCore Capital LLC bought a new position in Paragon 28 in the 4th quarter worth $175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Paragon 28 by 8.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 81,289 shares of the company’s stock valued at $840,000 after purchasing an additional 6,269 shares during the period. Squarepoint Ops LLC increased its position in Paragon 28 by 16.8% in the fourth quarter. Squarepoint Ops LLC now owns 29,301 shares of the company’s stock worth $303,000 after buying an additional 4,225 shares in the last quarter. State of Wyoming raised its stake in shares of Paragon 28 by 37.4% in the fourth quarter. State of Wyoming now owns 4,359 shares of the company’s stock worth $45,000 after buying an additional 1,187 shares during the period. Finally, ProShare Advisors LLC purchased a new position in shares of Paragon 28 during the 4th quarter valued at about $137,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

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