Barclays PLC Boosts Position in Paragon 28, Inc. (NYSE:FNA)

Barclays PLC grew its holdings in shares of Paragon 28, Inc. (NYSE:FNA) by 180.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 84,812 shares of the company’s stock after purchasing an additional 54,591 shares during the period. Barclays PLC’s holdings in Paragon 28 were worth $567,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. First Light Asset Management LLC lifted its holdings in shares of Paragon 28 by 115.0% during the 2nd quarter. First Light Asset Management LLC now owns 8,174,832 shares of the company’s stock valued at $55,916,000 after acquiring an additional 4,371,864 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Paragon 28 by 5,834.0% during the second quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock worth $4,962,000 after purchasing an additional 713,263 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Paragon 28 by 15.4% during the second quarter. Thrivent Financial for Lutherans now owns 1,021,188 shares of the company’s stock worth $6,986,000 after purchasing an additional 135,911 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Paragon 28 in the second quarter worth about $869,000. Finally, Stonepine Capital Management LLC acquired a new stake in shares of Paragon 28 in the third quarter valued at about $766,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Paragon 28 Price Performance

FNA stock opened at $10.33 on Thursday. The stock’s 50 day moving average is $9.03 and its two-hundred day moving average is $7.75. Paragon 28, Inc. has a 52-week low of $4.65 and a 52-week high of $14.79. The company has a market capitalization of $864.83 million, a PE ratio of -13.96 and a beta of 1.52. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79.

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

Analyst Ratings Changes

Several equities analysts recently commented on FNA shares. Needham & Company LLC boosted their price target on Paragon 28 from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stephens raised shares of Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group lowered their price target on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Paragon 28 has an average rating of “Buy” and an average target price of $15.60.

Insider Transactions at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 18,109 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $10.14, for a total transaction of $183,625.26. Following the transaction, the insider now owns 10,481,851 shares of the company’s stock, valued at $106,285,969.14. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 252,914 shares of company stock valued at $2,585,514. Insiders own 15.32% of the company’s stock.

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.