Mvm Partners, Llc Sells 619,747 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 619,747 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $12.99, for a total value of $8,050,513.53. Following the completion of the transaction, the insider now directly owns 9,609,771 shares in the company, valued at $124,830,925.29. This represents a 6.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Thursday, March 6th, Mvm Partners, Llc sold 164,664 shares of Paragon 28 stock. The shares were sold at an average price of $13.01, for a total value of $2,142,278.64.
• 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 Stock Performance

NYSE FNA opened at $13.02 on Friday. The company has a market cap of $1.09 billion, a PE ratio of -17.60 and a beta of 1.54. The stock’s 50 day simple moving average is $12.01 and its 200-day simple moving average is $9.30. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $13.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60.

Hedge Funds Weigh In On Paragon 28

Hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in shares of Paragon 28 in the fourth quarter valued at approximately $36,000. AlphaQuest LLC lifted its position in Paragon 28 by 33.6% during the fourth quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock worth $38,000 after buying an additional 925 shares in the last quarter. State of Wyoming lifted its position in Paragon 28 by 37.4% during the fourth quarter. State of Wyoming now owns 4,359 shares of the company’s stock worth $45,000 after buying an additional 1,187 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Paragon 28 during the fourth quarter worth approximately $94,000. Finally, Intech Investment Management LLC purchased a new position in Paragon 28 during the third quarter worth approximately $70,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Stephens reissued an “equal weight” rating and issued a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating and issued a $13.00 price objective on shares of Paragon 28 in a report 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.20.

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.