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 firm’s stock in a transaction on 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 sale, the insider now directly owns 9,609,771 shares of the company’s stock, valued at $124,830,925.29. This represents a 6.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $11.63, for a total value of $234,181.68.

Paragon 28 Stock Performance

FNA stock opened at $13.03 on Friday. The business’s 50-day moving average price is $12.07 and its two-hundred day moving average price is $9.33. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The firm has a market cap of $1.09 billion, a PE ratio of -17.60 and a beta of 1.54. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $13.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNA. Creative Planning bought a new position in Paragon 28 during the third quarter worth about $91,000. GSA Capital Partners LLP bought a new position in Paragon 28 during the third quarter worth about $386,000. Commerce Bank lifted its holdings in Paragon 28 by 28.5% during the third quarter. Commerce Bank now owns 18,350 shares of the company’s stock worth $123,000 after acquiring an additional 4,075 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Paragon 28 in the 3rd quarter valued at about $70,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Paragon 28 by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 343,565 shares of the company’s stock valued at $2,295,000 after purchasing an additional 15,064 shares during the period. 63.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FNA. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Stephens restated an “equal weight” rating and issued a $13.00 price target (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a research report on Wednesday, January 29th. Finally, Needham & Company LLC restated a “hold” rating and issued a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Four investment 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.com, the company presently has an average rating of “Hold” and an average target price 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.