2 weeks Ago By Defense World Staff
Geode Capital Management LLC grew its holdings in Paragon 28, Inc. (NYSE:FNA – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 978,832 shares of the company’s stock after purchasing an additional 11,313 shares during the period. Geode Capital Management LLC owned about 1.17% of Paragon 28 worth $10,113,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in FNA. Barclays PLC increased its stake in Paragon 28 by 180.6% in the 3rd quarter.
Barclays PLC now owns 84,812 shares of the company’s stock worth $567,000 after buying an additional 54,591 shares during the period. JPMorgan Chase & Co. grew its stake 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 in the last quarter.
New York State Common Retirement Fund increased its position in shares of Paragon 28 by 374.6% during the fourth quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock worth $151,000 after acquiring an additional 11,500 shares during the period.
Rhumbline Advisers raised its stake in shares of Paragon 28 by 1.7% during the fourth quarter. Rhumbline Advisers now owns 62,861 shares of the company’s stock valued at $649,000 after acquiring an additional 1,024 shares in the last quarter.
Finally, Ballentine Partners LLC boosted its holdings in shares of Paragon 28 by 15.0% in the fourth quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock valued at $161,000 after purchasing an additional 2,043 shares during the period.
63.57% of the stock is currently owned by institutional investors. Insider Buying and Selling at Paragon 28In other news, major shareholder Mvm Partners, Llc sold 20,136 shares of the company’s stock in a transaction on 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,875,984 shares of company stock worth $24,359,971 over the last three months.
Corporate insiders own 15.32% of the company’s stock. Paragon 28 Trading Up 0.
1 %FNA opened at $13.11 on Wednesday. Paragon 28, Inc.
has a 12 month low of $4.65 and a 12 month high of $13.13.
The stock has a fifty day moving average price of $13.03 and a 200-day moving average price of $10.69.
The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.
47. The company has a current ratio of 3.50, a quick ratio of 1.
60 and a debt-to-equity ratio of 0.79. Paragon 28 (NYSE:FNA – Get Free Report) last announced its earnings results on Thursday, March 6th.
The company reported ($0.13) EPS 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 firm had revenue of $71.75 million during the quarter, compared to the consensus estimate of $70.
81 million. As a group, equities research analysts anticipate that Paragon 28, Inc. will post -0.
64 earnings per share for the current fiscal year. Analysts Set New Price TargetsSeveral research analysts have commented on the company. Canaccord Genuity Group set a $13.
00 price objective on Paragon 28 in a report on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th.
Stephens reaffirmed an “equal weight” rating and issued a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th.
Finally, William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.
com, the stock has an average rating of “Hold” and an average price target of $14.20.Get Our Latest Analysis on FNAParagon 28 Profile (Free Report)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.Read MoreFive stocks we like better than Paragon 28Investing in Commodities: What Are They? How to Invest in ThemHow to Invest in Micro-Cap Stocks Like a ProWhy Special Dividends Can be a Delightful Surprise for Income InvestorsInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Financial Services Stocks InvestingTake-Two Interactive: A Defensive Play Set to Explode.
