Charles Schwab Investment Management Inc. Has $3.57 Million Stock Position in Paragon 28, Inc. (NYSE:FNA)

Charles Schwab Investment Management Inc. raised its stake in Paragon 28, Inc. (NYSE:FNA) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 345,246 shares of the company’s stock after buying an additional 1,681 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Paragon 28 were worth $3,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Paragon 28 in the 4th quarter valued at about $505,000. New York State Common Retirement Fund lifted its position in shares of Paragon 28 by 374.6% during the 4th quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock valued at $151,000 after acquiring an additional 11,500 shares during the period. Peregrine Capital Management LLC grew its stake in shares of Paragon 28 by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 500,094 shares of the company’s stock valued at $5,166,000 after buying an additional 9,079 shares during the period. Venturi Wealth Management LLC bought a new stake in Paragon 28 during the 4th quarter valued at $36,000. Finally, MN Wealth Advisors LLC lifted its holdings in shares of Paragon 28 by 1.4% in the fourth quarter. MN Wealth Advisors LLC now owns 84,535 shares of the company’s stock valued at $873,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

Insider Transactions at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 20,136 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total transaction of $234,181.68. Following the completion of the transaction, the insider now owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 1,875,984 shares of company stock worth $24,359,971. 15.32% of the stock is currently owned by insiders.

Paragon 28 Stock Up 0.0 %

FNA stock opened at $13.02 on Thursday. The company’s 50 day moving average is $12.73 and its 200 day moving average is $9.79. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -17.59 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. 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 earnings results on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $71.75 million during the quarter, compared to analysts’ expectations of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. Sell-side analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FNA. Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price objective on shares of Paragon 28 in a report on Wednesday, January 29th. Finally, William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.20.

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.