SIGA Technologies Target of Unusually Large Options Trading (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually large options trading activity on Wednesday. Stock traders purchased 1,200 call options on the stock. This is an increase of 1,438% compared to the average daily volume of 78 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of SIGA Technologies by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,242,097 shares of the company’s stock valued at $12,556,000 after acquiring an additional 39,220 shares during the last quarter. Barclays PLC raised its holdings in SIGA Technologies by 353.2% during the 4th quarter. Barclays PLC now owns 72,733 shares of the company’s stock valued at $407,000 after buying an additional 56,686 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its holdings in SIGA Technologies by 17.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,274,359 shares of the company’s stock valued at $12,736,000 after buying an additional 343,599 shares during the period. Creative Planning raised its holdings in SIGA Technologies by 43.1% during the 4th quarter. Creative Planning now owns 38,423 shares of the company’s stock valued at $215,000 after buying an additional 11,566 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in SIGA Technologies by 138.9% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,024,960 shares of the company’s stock valued at $5,740,000 after buying an additional 595,856 shares during the period. 55.40% of the stock is currently owned by institutional investors.

SIGA Technologies Price Performance

SIGA stock opened at $8.51 on Thursday. SIGA Technologies has a 1-year low of $4.22 and a 1-year high of $10.00. The company has a market capitalization of $604.99 million, a price-to-earnings ratio of 8.96 and a beta of 0.94. The business has a 50 day simple moving average of $6.92 and a two-hundred day simple moving average of $5.87.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. SIGA Technologies had a return on equity of 44.84% and a net margin of 48.65%. The business had revenue of $116.48 million during the quarter. Sell-side analysts anticipate that SIGA Technologies will post 1.22 EPS for the current fiscal year.

SIGA Technologies Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were paid a $0.60 dividend. This is an increase from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

SIGA Technologies Company Profile

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.