FibroGen Sees Unusually Large Options Volume (FGEN)

FibroGen, Inc (NASDAQ:FGEN) saw some unusual options trading activity on Wednesday. Investors purchased 956 put options on the company. This is an increase of approximately Infinity compared to the typical volume of 0 put options.

In related news, insider K Peony Yu sold 7,500 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $41.03, for a total transaction of $307,725.00. Following the completion of the sale, the insider now owns 191,507 shares of the company’s stock, valued at $7,857,532.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas F. Kearns, Jr. sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $45.22, for a total transaction of $813,960.00. Following the sale, the director now directly owns 156,564 shares of the company’s stock, valued at approximately $7,079,824.08. The disclosure for this sale can be found here. In the last three months, insiders sold 463,018 shares of company stock valued at $23,969,116. 14.90% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of FibroGen in the second quarter worth about $128,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of FibroGen by 112.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,410 shares of the biopharmaceutical company’s stock worth $237,000 after acquiring an additional 2,336 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of FibroGen by 15.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,218 shares of the biopharmaceutical company’s stock worth $169,000 after acquiring an additional 696 shares during the last quarter. BBR Partners LLC bought a new position in shares of FibroGen in the third quarter worth about $299,000. Finally, Teacher Retirement System of Texas bought a new position in shares of FibroGen in the third quarter worth about $299,000. 46.93% of the stock is owned by hedge funds and other institutional investors.

FibroGen (FGEN) opened at $46.87 on Friday. 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 has a fifty-two week low of $19.25 and a fifty-two week high of $60.15.

FGEN has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective on shares of FibroGen in a research report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of FibroGen in a research report on Tuesday, September 12th. BidaskClub cut shares of FibroGen from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Mizuho reaffirmed a “hold” rating and set a $61.00 price objective on shares of FibroGen in a research report on Thursday, November 9th. Finally, Goldman Sachs Group, Inc. (The) cut shares of FibroGen from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. FibroGen presently has an average rating of “Buy” and an average price target of $65.67.

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About FibroGen

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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