Insider Buying: FibroGen, Inc (FGEN) Director Acquires 3,500 Shares of Stock
FibroGen, Inc (NASDAQ:FGEN) Director Gerald Lema acquired 3,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average price of $46.70 per share, for a total transaction of $163,450.00. Following the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at $163,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
FibroGen, Inc (NASDAQ:FGEN) traded down $0.05 during trading on Tuesday, reaching $44.45. 343,325 shares of the company’s stock traded hands, compared to its average volume of 617,295. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 0.16. FibroGen, Inc has a 12-month low of $19.25 and a 12-month high of $60.15.
A number of institutional investors have recently bought and sold shares of FGEN. FMR LLC grew its position in FibroGen by 96.9% in the second quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock worth $107,753,000 after buying an additional 1,641,423 shares during the last quarter. EcoR1 Capital LLC grew its position in FibroGen by 3,674.1% in the second quarter. EcoR1 Capital LLC now owns 1,585,457 shares of the biopharmaceutical company’s stock worth $51,210,000 after buying an additional 1,543,448 shares during the last quarter. Janus Henderson Group PLC acquired a new position in FibroGen in the second quarter worth approximately $45,633,000. Eagle Asset Management Inc. acquired a new position in FibroGen in the third quarter worth approximately $46,158,000. Finally, Vanguard Group Inc. boosted its stake in FibroGen by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,808,439 shares of the biopharmaceutical company’s stock worth $187,612,000 after purchasing an additional 761,421 shares during the period. Hedge funds and other institutional investors own 57.42% of the company’s stock.
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FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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