FibroGen Inc (FGEN) Stake Raised by Teacher Retirement System of Texas
Teacher Retirement System of Texas lifted its position in shares of FibroGen Inc (NASDAQ:FGEN) by 309.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,787 shares of the biopharmaceutical company’s stock after purchasing an additional 17,224 shares during the quarter. Teacher Retirement System of Texas’ holdings in FibroGen were worth $1,080,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of FGEN. Eagle Asset Management Inc. acquired a new stake in shares of FibroGen during the third quarter worth $46,158,000. Jennison Associates LLC acquired a new stake in FibroGen in the third quarter worth $12,105,000. Dimensional Fund Advisors LP acquired a new stake in FibroGen in the third quarter worth $4,851,000. Bank of New York Mellon Corp grew its holdings in FibroGen by 26.3% in the third quarter. Bank of New York Mellon Corp now owns 369,599 shares of the biopharmaceutical company’s stock worth $19,884,000 after purchasing an additional 76,963 shares during the period. Finally, Columbus Circle Investors acquired a new stake in FibroGen in the third quarter worth $3,451,000. Institutional investors own 59.24% of the company’s stock.
In other FibroGen news, insider K Peony Yu sold 10,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the insider now directly owns 152,086 shares of the company’s stock, valued at $9,429,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas B. Neff sold 18,900 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $42.71, for a total transaction of $807,219.00. Following the completion of the transaction, the chief executive officer now directly owns 3,060,887 shares in the company, valued at $130,730,483.77. The disclosure for this sale can be found here. Insiders sold 380,653 shares of company stock valued at $19,542,362 over the last 90 days. Corporate insiders own 13.60% of the company’s stock.
Shares of FibroGen Inc (NASDAQ:FGEN) opened at $55.40 on Friday. The company has a quick ratio of 10.83, a current ratio of 9.70 and a debt-to-equity ratio of 0.17. FibroGen Inc has a twelve month low of $22.75 and a twelve month high of $63.00.
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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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