Jump Financial LLC Makes New $629,000 Investment in Paragon 28, Inc. (NYSE:FNA)

Jump Financial LLC purchased a new position in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,900 shares of the company's stock, valued at approximately $629,000. Jump Financial LLC owned about 0.07% of Paragon 28 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of FNA. Vanguard Group Inc. increased its holdings in shares of Paragon 28 by 17.9% in the 4th quarter. Vanguard Group Inc. now owns 2,809,109 shares of the company's stock valued at $29,018,000 after acquiring an additional 425,983 shares during the period. State Street Corp grew its stake in Paragon 28 by 2.6% in the third quarter. State Street Corp now owns 1,563,331 shares of the company's stock valued at $10,443,000 after purchasing an additional 39,075 shares during the last quarter. Geode Capital Management LLC raised its holdings in Paragon 28 by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 978,832 shares of the company's stock worth $10,113,000 after purchasing an additional 11,313 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Paragon 28 by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 808,611 shares of the company's stock valued at $8,353,000 after buying an additional 23,733 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 63.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FNA shares. William Blair cut shares of Paragon 28 from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Needham & Company LLC reiterated a "hold" rating and set a $13.00 price objective on shares of Paragon 28 in a report on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price objective on Paragon 28 in a research report on Wednesday, January 29th. Finally, Stephens reaffirmed an "equal weight" rating and set a $13.00 target price (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Paragon 28 currently has a consensus rating of "Hold" and a consensus price target of $14.20.

Paragon 28 Stock Performance

Shares of NYSE FNA traded up $0.02 during mid-day trading on Tuesday, hitting $13.11. The stock had a trading volume of 19,380,085 shares, compared to its average volume of 1,081,588. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The company has a 50 day moving average of $13.04 and a two-hundred day moving average of $10.94. The firm has a market cap of $1.10 billion, a PE ratio of -17.71 and a beta of 1.47. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $13.13.

Paragon 28 (NYSE:FNA - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The business had revenue of $71.75 million during the quarter, compared to analyst estimates of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. Research analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Insider Activity at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 619,747 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $12.99, for a total value of $8,050,513.53. Following the completion of the transaction, the insider now owns 9,609,771 shares in the company, valued at approximately $124,830,925.29. This represents a 6.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 1,828,706 shares of company stock worth $23,810,399. 15.32% of the stock is owned by corporate insiders.

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.