Paragon 28, Inc. (NYSE:FNA - Get Free Report) major shareholder Mvm Partners, Llc sold 164,664 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.01, for a total value of $2,142,278.64. Following the completion of the sale, the insider now directly owns 8,854,883 shares of the company's stock, valued at approximately $115,202,027.83. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Mvm Partners, Llc also recently made the following trade(s):
- On Tuesday, March 4th, Mvm Partners, Llc sold 619,747 shares of Paragon 28 stock. The shares were sold at an average price of $12.99, for a total value of $8,050,513.53.
- On Monday, January 27th, Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock. The shares were 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 Price Performance
Shares of FNA opened at $13.02 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.60 and a beta of 1.54. Paragon 28, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $13.13. The firm has a 50-day simple moving average of $12.01 and a 200-day simple moving average of $9.30. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50.
Institutional Investors Weigh In On Paragon 28
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Paragon 28 by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,819 shares of the company's stock valued at $277,000 after buying an additional 820 shares during the last quarter. AlphaQuest LLC boosted its holdings in Paragon 28 by 33.6% in the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company's stock valued at $38,000 after purchasing an additional 925 shares during the period. Rhumbline Advisers lifted its holdings in Paragon 28 by 1.7% during the 4th quarter. Rhumbline Advisers now owns 62,861 shares of the company's stock valued at $649,000 after purchasing an additional 1,024 shares during the last quarter. State of Wyoming lifted its stake in Paragon 28 by 37.4% in the fourth quarter. State of Wyoming now owns 4,359 shares of the company's stock valued at $45,000 after buying an additional 1,187 shares during the period. Finally, MN Wealth Advisors LLC lifted its holdings in shares of Paragon 28 by 1.4% in the fourth quarter. MN Wealth Advisors LLC now owns 84,535 shares of the company's stock valued at $873,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 63.57% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on FNA. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a research note on Wednesday, January 29th. Stephens reiterated an "equal weight" rating and set a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. William Blair lowered Paragon 28 from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC reissued a "hold" rating and set a $13.00 price target on shares of Paragon 28 in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.20.
View Our Latest Stock Analysis on FNA
About Paragon 28
(
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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.
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