Ballentine Partners LLC Grows Stake in Paragon 28, Inc. (NYSE:FNA)

Ballentine Partners LLC grew its holdings in Paragon 28, Inc. (NYSE:FNA) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,630 shares of the company’s stock after purchasing an additional 2,043 shares during the period. Ballentine Partners LLC’s holdings in Paragon 28 were worth $161,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in Paragon 28 by 2.6% in the 3rd quarter. State Street Corp now owns 1,563,331 shares of the company’s stock valued at $10,443,000 after purchasing an additional 39,075 shares during the period. Geode Capital Management LLC lifted its position in Paragon 28 by 2.5% in the third quarter. Geode Capital Management LLC now owns 967,519 shares of the company’s stock valued at $6,464,000 after purchasing an additional 23,167 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Paragon 28 by 2,141.7% in 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 last quarter. Millennium Management LLC lifted its holdings in Paragon 28 by 5,834.0% in the 2nd quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock worth $4,962,000 after buying an additional 713,263 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Paragon 28 by 7.0% in the third quarter. Wellington Management Group LLP now owns 694,799 shares of the company’s stock valued at $4,641,000 after acquiring an additional 45,215 shares in the last quarter. 63.57% of the stock is owned by institutional investors.

Paragon 28 Stock Down 0.5 %

FNA opened at $11.63 on Monday. The company has a market capitalization of $973.66 million, a PE ratio of -15.72 and a beta of 1.50. The firm has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $8.28. 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 52 week low of $4.65 and a 52 week high of $14.79.

Paragon 28 (NYSE:FNA) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.01. The company had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.58 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) earnings per share. Analysts forecast that Paragon 28, Inc. will post -0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of Paragon 28 in a report on Monday, January 13th. Canaccord Genuity Group lowered their price objective on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Stephens raised Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $15.60.

Insider Activity at Paragon 28

In other news, major shareholder Mvm Partners, Llc sold 147,581 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $10.28, for a total value of $1,517,132.68. Following the transaction, the insider now directly owns 10,738,564 shares in the company, valued at approximately $110,392,437.92. This represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 252,914 shares of company stock worth $2,585,514. Insiders own 15.32% of the company’s stock.

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.