Creative Planning Takes $91,000 Position in Paragon 28, Inc. (NYSE:FNA)

Creative Planning acquired a new position in Paragon 28, Inc. (NYSE:FNA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,682 shares of the company’s stock, valued at approximately $91,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNA. First Light Asset Management LLC raised its position in Paragon 28 by 115.0% in the second quarter. First Light Asset Management LLC now owns 8,174,832 shares of the company’s stock worth $55,916,000 after acquiring an additional 4,371,864 shares during the period. Vanguard Group Inc. increased its stake in shares of Paragon 28 by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 2,106,217 shares of the company’s stock worth $26,012,000 after purchasing an additional 55,851 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Paragon 28 by 29.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,199,819 shares of the company’s stock worth $14,818,000 after purchasing an additional 273,077 shares during the period. Thrivent Financial for Lutherans raised its holdings in Paragon 28 by 15.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,021,188 shares of the company’s stock worth $6,986,000 after purchasing an additional 135,911 shares during the period. Finally, Millennium Management LLC lifted its position in Paragon 28 by 5,834.0% during the second quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock valued at $4,962,000 after purchasing an additional 713,263 shares in the last quarter. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Paragon 28 Price Performance

Shares of NYSE:FNA opened at $7.50 on Wednesday. The firm has a market cap of $626.57 million, a price-to-earnings ratio of -11.05 and a beta of 1.01. The firm has a fifty day moving average price of $6.29 and a 200 day moving average price of $7.20. Paragon 28, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $14.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.70 and a current ratio of 3.57.

Analyst Ratings Changes

Several research firms have recently commented on FNA. Needham & Company LLC decreased their price objective on Paragon 28 from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $12.00 price objective (down from $15.00) on shares of Paragon 28 in a research note on Friday, August 9th.

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.