Paragon 28, Inc. (NYSE:FNA) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Paragon 28, Inc. (NYSE:FNA) by 15.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,021,188 shares of the company’s stock after purchasing an additional 135,911 shares during the quarter. Thrivent Financial for Lutherans owned 1.23% of Paragon 28 worth $6,986,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Light Asset Management LLC grew its position in shares of Paragon 28 by 39.4% during the fourth quarter. First Light Asset Management LLC now owns 3,817,794 shares of the company’s stock worth $47,455,000 after buying an additional 1,079,916 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Paragon 28 by 29.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,199,819 shares of the company’s stock worth $14,818,000 after purchasing an additional 273,077 shares during the last quarter. MVM Partners LLC acquired a new stake in shares of Paragon 28 in the 4th quarter valued at about $134,879,000. Peregrine Capital Management LLC bought a new position in shares of Paragon 28 during the second quarter worth about $3,351,000. Finally, Wellington Management Group LLP acquired a new position in Paragon 28 in the fourth quarter worth about $5,824,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FNA has been the topic of several research reports. Piper Sandler restated an “overweight” rating and set a $12.00 price objective (down previously from $15.00) on shares of Paragon 28 in a research note on Friday, August 9th. Needham & Company LLC dropped their price target on Paragon 28 from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.25.

Paragon 28 Price Performance

Shares of NYSE:FNA opened at $6.44 on Friday. The company has a market cap of $538.00 million, a PE ratio of -9.91 and a beta of 1.00. Paragon 28, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $14.79. The firm has a 50-day simple moving average of $7.74 and a 200 day simple moving average of $8.24. The company has a quick ratio of 1.70, a current ratio of 3.57 and a debt-to-equity ratio of 0.75.

Paragon 28 (NYSE:FNA) last posted its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). The company had revenue of $61.02 million during the quarter, compared to analyst estimates of $60.08 million. Paragon 28 had a negative return on equity of 32.39% and a negative net margin of 24.64%. The business’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. On average, sell-side analysts anticipate that Paragon 28, Inc. will post -0.69 EPS 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.