Bogle Investment Management L P De buys $19,260,014 stake in Five Prime Therapeutics Inc (FPRX)

Five Prime Therapeutics Inc (FPRX) : Bogle Investment Management L P De scooped up 5,120 additional shares in Five Prime Therapeutics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 333,449 shares of Five Prime Therapeutics Inc which is valued at $19,260,014.Five Prime Therapeutics Inc makes up approximately 1.41% of Bogle Investment Management L P De’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in FPRX in the latest quarter, The investment management firm added 1,434,270 additional shares and now holds a total of 4,251,478 shares of Five Prime Therapeutics Inc which is valued at $245,565,369. Five Prime Therapeutics Inc makes up approx 0.03% of Fmr’s portfolio. Convergence Investment Partners sold out all of its stake in FPRX during the most recent quarter. The investment firm sold 20,480 shares of FPRX which is valued $1,094,861.Matarin Capital Management boosted its stake in FPRX in the latest quarter, The investment management firm added 80,898 additional shares and now holds a total of 117,303 shares of Five Prime Therapeutics Inc which is valued at $6,381,283. Five Prime Therapeutics Inc makes up approx 0.71% of Matarin Capital Management’s portfolio.Ubs Asset Management Americas Inc boosted its stake in FPRX in the latest quarter, The investment management firm added 3,176 additional shares and now holds a total of 26,897 shares of Five Prime Therapeutics Inc which is valued at $1,289,442. Teacher Retirement System Of Texas sold out all of its stake in FPRX during the most recent quarter. The investment firm sold 3,495 shares of FPRX which is valued $167,550.

Five Prime Therapeutics Inc opened for trading at $57.82 and hit $58.42 on the upside on Monday, eventually ending the session at $58, with a gain of 0.47% or 0.27 points. The heightened volatility saw the trading volume jump to 3,58,952 shares. Company has a market cap of $1,650 M.

On the company’s financial health, Five Prime Therapeutics Inc reported $-0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.51. The company had revenue of $6.70 million for the quarter, compared to analysts expectations of $7.19 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.93 EPS.

Many Wall Street Analysts have commented on Five Prime Therapeutics Inc. Five Prime Therapeutics Inc was Initiated by Citigroup to “Buy” on Oct 25, 2016.

Five Prime Therapeutics Inc. (Five Prime) is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include FPA008 FPA144 and FP-1039/GSK3052230. FPA008 is an antibody that inhibits colony stimulating factor-1 (CSF1) receptor (CSF1R) that the Company is developing in rheumatoid arthritis. FPA144 is an antibody that inhibits fibroblast growth factor receptor 2b (FGFR2b) which the Company is developing to treat patients with gastric cancer. FP-1039/GSK3052230 is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors (FGFs) involved in cancer cell proliferation and new blood vessel formation. Its partner GlaxoSmithKline is developing FP-1039/GSK3052230 to treat patients with squamous non-small cell lung cancer (NSCLC) and malignant pleural mesothelioma.

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