SG Americas Securities LLC Has $276,000 Stock Holdings in Paragon 28, Inc. (NYSE:FNA)

SG Americas Securities LLC increased its position in Paragon 28, Inc. (NYSE:FNA) by 40.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,754 shares of the company’s stock after acquiring an additional 7,653 shares during the period. SG Americas Securities LLC’s holdings in Paragon 28 were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNA. Intech Investment Management LLC bought a new position in shares of Paragon 28 in the 3rd quarter valued at about $70,000. Creative Planning acquired a new position in Paragon 28 in the third quarter valued at approximately $91,000. Ballentine Partners LLC acquired a new position in Paragon 28 in the third quarter valued at approximately $91,000. Commerce Bank boosted its stake in Paragon 28 by 28.5% in the third quarter. Commerce Bank now owns 18,350 shares of the company’s stock valued at $123,000 after acquiring an additional 4,075 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Paragon 28 by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,992 shares of the company’s stock worth $178,000 after acquiring an additional 2,142 shares during the period. 63.57% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Mvm Partners, Llc sold 27,142 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $11.62, for a total value of $315,390.04. Following the sale, the insider now directly owns 10,313,841 shares in the company, valued at $119,846,832.42. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 300,192 shares of company stock worth $3,135,086 over the last quarter. 15.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FNA shares. Needham & Company LLC reissued a “hold” rating and issued a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens restated an “equal weight” rating and set a $13.00 target price (down previously from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Paragon 28 in a research note on Wednesday, January 29th. Finally, William Blair lowered shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.60.

Paragon 28 Stock Up 0.0 %

NYSE:FNA opened at $13.01 on Thursday. Paragon 28, Inc. has a 1 year low of $4.65 and a 1 year high of $14.79. The stock has a 50-day moving average price of $10.77 and a two-hundred day moving average price of $8.52. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -17.57 and a beta of 1.54. 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) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The business had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.58 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. Paragon 28’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, equities analysts expect that Paragon 28, Inc. will post -0.64 earnings per share for the current year.

Paragon 28 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.