Braidwell LP Sells 300,300 Shares of Paragon 28, Inc. (NYSE:FNA)

Braidwell LP decreased its holdings in Paragon 28, Inc. (NYSE:FNA) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,834,809 shares of the company’s stock after selling 300,300 shares during the quarter. Braidwell LP’s holdings in Paragon 28 were worth $39,614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. First Light Asset Management LLC raised its stake in Paragon 28 by 4.2% in the fourth quarter. First Light Asset Management LLC now owns 10,580,467 shares of the company’s stock valued at $109,296,000 after purchasing an additional 425,824 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Paragon 28 by 17.9% during the 4th quarter. Vanguard Group Inc. now owns 2,809,109 shares of the company’s stock worth $29,018,000 after acquiring an additional 425,983 shares during the period. Geode Capital Management LLC boosted its position in shares of Paragon 28 by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 978,832 shares of the company’s stock worth $10,113,000 after acquiring an additional 11,313 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Paragon 28 by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 808,611 shares of the company’s stock valued at $8,353,000 after acquiring an additional 23,733 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in Paragon 28 by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 500,094 shares of the company’s stock valued at $5,166,000 after purchasing an additional 9,079 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FNA shares. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a report on Wednesday, January 29th. Stephens reissued an “equal weight” rating and issued a $13.00 target price (down previously from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $13.00 price objective on shares of Paragon 28 in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.20.

Insider Transactions at Paragon 28

In related news, major shareholder Mvm Partners, Llc sold 164,664 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.01, for a total transaction of $2,142,278.64. Following the completion of the sale, the insider now owns 8,854,883 shares of the company’s stock, valued at $115,202,027.83. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 1,828,706 shares of company stock valued at $23,810,399. Corporate insiders own 15.32% of the company’s stock.

Paragon 28 Stock Performance

NYSE:FNA opened at $13.11 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. Paragon 28, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $13.13. The company has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $11.20. The company has a market capitalization of $1.10 billion, a PE ratio of -17.71 and a beta of 1.47.

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

Paragon 28 Company 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.