16,553 Shares in Paragon 28, Inc. (NYSE:FNA) Bought by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC purchased a new stake in Paragon 28, Inc. (NYSE:FNA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,553 shares of the company’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Paragon 28 by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 25,992 shares of the company’s stock valued at $178,000 after buying an additional 2,142 shares during the period. SG Americas Securities LLC acquired a new position in Paragon 28 in the 3rd quarter valued at approximately $128,000. Creative Planning bought a new stake in shares of Paragon 28 in the 3rd quarter worth approximately $91,000. Ballentine Partners LLC acquired a new stake in shares of Paragon 28 during the 3rd quarter worth approximately $91,000. Finally, Park Edge Advisors LLC increased its position in shares of Paragon 28 by 2.7% during the third quarter. Park Edge Advisors LLC now owns 598,870 shares of the company’s stock valued at $4,000,000 after purchasing an additional 15,727 shares during the period. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 147,581 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $10.28, for a total transaction of $1,517,132.68. Following the sale, the insider now directly owns 10,738,564 shares of the company’s stock, valued at approximately $110,392,437.92. This represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 300,192 shares of company stock valued at $3,135,086 in the last ninety days. Insiders own 15.32% of the company’s stock.

Paragon 28 Stock Down 0.0 %

Shares of NYSE:FNA opened at $13.06 on Friday. The company’s fifty day moving average is $11.24 and its 200-day moving average is $8.78. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $14.78. The company has a market capitalization of $1.09 billion, a PE ratio of -17.64 and a beta of 1.54.

About Paragon 28

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.