Paragon 28, Inc. (NYSE:FNA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its position in shares of Paragon 28, Inc. (NYSE:FNA) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 10,911 shares of the company’s stock after selling 1,032 shares during the quarter. Arizona State Retirement System’s holdings in Paragon 28 were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Paragon 28 by 2.6% during the third quarter. State Street Corp now owns 1,563,331 shares of the company’s stock worth $10,443,000 after purchasing an additional 39,075 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Paragon 28 by 2.5% during the third quarter. Geode Capital Management LLC now owns 967,519 shares of the company’s stock worth $6,464,000 after purchasing an additional 23,167 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Paragon 28 by 2,141.7% during the third quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after purchasing an additional 749,865 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Paragon 28 by 7.0% during the third quarter. Wellington Management Group LLP now owns 694,799 shares of the company’s stock worth $4,641,000 after purchasing an additional 45,215 shares during the period. Finally, Peregrine Capital Management LLC lifted its holdings in shares of Paragon 28 by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 500,094 shares of the company’s stock worth $5,166,000 after purchasing an additional 9,079 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Insider Activity

In related news, major shareholder Mvm Partners, Llc sold 20,136 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total transaction of $234,181.68. Following the transaction, the insider now owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. This represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,875,984 shares of company stock valued at $24,359,971 in the last quarter. Insiders own 15.32% of the company’s stock.

Paragon 28 Stock Up 0.0 %

Paragon 28 stock opened at $13.03 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $13.13. The stock has a market capitalization of $1.09 billion, a PE ratio of -17.60 and a beta of 1.54. The business has a 50 day simple moving average of $12.32 and a 200-day simple moving average of $9.52.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The company had revenue of $71.75 million for the quarter, compared to analyst estimates of $70.81 million. On average, analysts anticipate that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FNA shares. William Blair cut Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Needham & Company LLC reiterated a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a research report on Wednesday, January 29th. Finally, Stephens reiterated an “equal weight” rating and set a $13.00 price target (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Paragon 28 has a consensus rating of “Hold” and a consensus price target 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.