New York State Common Retirement Fund Has $151,000 Stock Holdings in Paragon 28, Inc. (NYSE:FNA)

New York State Common Retirement Fund boosted its stake in Paragon 28, Inc. (NYSE:FNA) by 374.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,570 shares of the company’s stock after acquiring an additional 11,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Paragon 28 were worth $151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning bought a new stake in shares of Paragon 28 in the third quarter worth $91,000. GSA Capital Partners LLP acquired a new stake in Paragon 28 in the 3rd quarter valued at $386,000. Commerce Bank lifted its position in Paragon 28 by 28.5% during the 3rd quarter. Commerce Bank now owns 18,350 shares of the company’s stock worth $123,000 after buying an additional 4,075 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Paragon 28 during the 3rd quarter worth approximately $70,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Paragon 28 by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 343,565 shares of the company’s stock valued at $2,295,000 after acquiring an additional 15,064 shares during the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 20,136 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total value of $234,181.68. Following the sale, the insider now owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 15.32% of the company’s stock.

Paragon 28 Trading Up 0.1 %

Shares of FNA stock opened at $13.01 on Thursday. Paragon 28, Inc. has a 1 year low of $4.65 and a 1 year high of $13.13. The stock has a 50 day simple moving average of $11.96 and a 200 day simple moving average of $9.27. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The stock has a market cap of $1.09 billion, a P/E ratio of -17.57 and a beta of 1.54.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FNA. Stephens reaffirmed an “equal weight” rating and issued a $13.00 target price (down from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC reiterated a “hold” rating and set a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group set a $13.00 price objective on Paragon 28 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’s stock. According to MarketBeat, Paragon 28 currently has a consensus rating of “Hold” and an average target price of $14.20.

Paragon 28 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.