UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,228 Shares of Paragon 28, Inc. (NYSE:FNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Paragon 28, Inc. (NYSE:FNA) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 75,020 shares of the company’s stock after selling 2,228 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Paragon 28 were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stonepine Capital Management LLC bought a new stake in shares of Paragon 28 during the third quarter worth $766,000. Charles Schwab Investment Management Inc. increased its position in Paragon 28 by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 343,565 shares of the company’s stock worth $2,295,000 after purchasing an additional 15,064 shares during the period. Intech Investment Management LLC bought a new stake in Paragon 28 during the 3rd quarter worth about $70,000. Commerce Bank lifted its position in Paragon 28 by 28.5% during the 3rd quarter. Commerce Bank now owns 18,350 shares of the company’s stock valued at $123,000 after purchasing an additional 4,075 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Paragon 28 in the 3rd quarter valued at about $386,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $10.00, for a total value of $42,560.00. Following the sale, the insider now owns 10,499,960 shares of the company’s stock, valued at approximately $104,999,600. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 252,914 shares of company stock worth $2,585,514 over the last ninety days. Company insiders own 15.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FNA shares. Canaccord Genuity Group reduced their price objective on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Stephens upgraded Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC upped their price objective on Paragon 28 from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Paragon 28 presently has an average rating of “Buy” and an average target price of $15.60.

Paragon 28 Stock Performance

Shares of Paragon 28 stock opened at $10.03 on Friday. The stock’s fifty day simple moving average is $8.28 and its 200 day simple moving average is $7.55. 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 company has a market capitalization of $839.71 million, a PE ratio of -13.55 and a beta of 1.52. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $14.79.

Paragon 28 (NYSE:FNA) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The company had revenue of $62.30 million for the quarter, compared to analyst estimates of $60.58 million. During the same quarter last year, the firm posted ($0.10) earnings per share. Paragon 28’s revenue was up 18.0% compared to the same quarter last year. On average, research analysts predict that Paragon 28, Inc. will post -0.66 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.