Paragon 28, Inc. (NYSE:FNA) Shareholding Decreased by Valeo Financial Advisors LLC

Financial Advisors


Valeo Financial Advisors LLC reduced its stake in Paragon 28 (NYSE: FNA – Get Rating) by 4.0% in the fourth quarter, according to the company’s latest filings with the Securities and Exchange Commission. The fund held 475,430 shares in the company after selling 19,575 shares during the period. Paragon 28 represents approximately 0.5% of Valeo Financial Advisors LLC’s holding, making it his 27th largest holding. Valeo Financial Advisors LLC owned his 0.61% of Paragon 28 worth $9,085,000 at the time of the latest SEC filing.

Other institutional investors also changed their stakes in the company. JPMorgan Chase expanded its Paragon 28 position by 22.9% in the first quarter. JPMorgan Chase bought an additional 793 shares last quarter and now owns 4,252 shares worth $71,000. Bank of New York Mellon Corporation expanded his Paragon 28 position by 72.2% in the first quarter. Bank of New York Mellon Corporation purchased an additional 10,685 shares last quarter and now owns 25,479 shares in the company, valued at $426,000. BlackRock Inc. expanded his Paragon 28 position by 11.1% in the first quarter. BlackRock Inc. purchased an additional 50,345 shares during the previous quarter and now owns 502,249 shares of the company, valued at $8,408,000. First Light Asset Management LLC expanded its position in Paragon 28 by 54.8% in the first quarter. First Light Asset Management LLC purchased an additional 395,762 shares during the last quarter and now owns 1,118,603 shares of the company, valued at $18,725,000. Finally, Charles Schwab Investment Management Inc. increased its position in Paragon 28 by 9.9% in the first quarter. Charles Schwab Investment Management Inc. purchased an additional 5,393 shares during the last quarter and now owns 59,922 shares worth $1,004,000. Institutional investors hold 21.92% of the company’s shares.

Paragon 28 stock down 0.3%

Paragon 28 shares fell $0.05 to $18.08 during Friday’s trading hours. The company traded 34,156 shares, with an average turnover of 352,317 shares. The company has a market cap of $1.49 billion, a P/E of -20.69 and a beta of 0.57. The company has a debt to equity ratio of 0.21, a current ratio of 3.10 and a quick ratio of 2.01. The company’s 50-day moving average is $17.52 and its 200-day moving average is $18.39. Paragon 28 hit a 52-week low of $13.01 and a 52-week high of $21.49.

Paragon 28 (NYSE:FNA – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported earnings per share ($0.51) for the quarter, but ($0.42) below consensus expectations ($0.09). The company’s revenue for the quarter was $51.51 million, compared with analyst expectations of $50.49 million. Paragon 28 had a net profit margin of 34.96% and a return on equity of 38.68%. On average, a research analyst expects Paragon 28’s earnings per share to be -0.38 this year.

Wall Street analyst speaks out

Several equity research analysts recently commented on FNA shares. JMP Securities reaffirmed its “market outperform” rating in its research report on Friday, March 3, with a price target of $30.00 on 28 Paragon shares. Needham & Company LLC restated its Buy rating on Paragon 28 shares with a price target of $24.00 in a research report on Thursday, April 20. Finally, Stevens began reporting on Paragon 28 shares in a research report on Monday, April 10. They rated the company Overweight with a $23.00 price target.

Insider Trading at Paragon 28

In other news, major shareholder B. Ag Bird sold 202,500 shares in trading on Friday, February 17th. The shares were sold at an average price of $17.00, bringing the transaction total to $3,442,500.00. After the transaction, the insider now owns 13,998,680 shares of the company, valued at approximately $237,977,560. The sale was disclosed in documents filed with the SEC, which can be accessed on the SEC’s website. In other news, insider Albert DaCosta sold 75,000 shares of his stock in a deal on Friday, Feb. 17. The shares sold at an average price of $17.00, bringing the total transaction value to his $1,275,000. After the transaction, the insider now owns 404,136 shares of the company’s stock, valued at approximately $6,870,312. The sale was disclosed in documents filed with the SEC, which can be accessed on the SEC’s website. Major shareholder B. Ag Bird also sold 202,500 shares in the company in a transaction on Friday, February 17. The stock sold at an average price of $17.00, bringing the total transaction value to his $3,442,500.00. After the sale, insiders now directly own 13,998,680 shares of the company, valued at $237,977,560. Disclosure information regarding this sale can be found here. Currently, 19.50% of the shares are owned by insiders.

Paragon 28 company profile

(get rating)

Paragon 28, Inc designs, develops, markets and markets foot and ankle surgical systems in the United States and internationally. The company offers plating systems including the Lisfranc, Rapidus, Staple, Calaneal Slide and Gorilla plating systems such as the Navicular Cuneiform (NC) fusion plating system. Special screw for baby gorilla plate, scaphoid fracture plate, 5th metatarsal hook plate. And silver back plating system.

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Paragon 28 Quarterly Authority Ownership (NYSE:FNA)

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