Investors Purchase High Volume of Siga Technologies Call Options (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the recipient of unusually large options trading on Wednesday. Stock investors bought 1,200 call options on the stock. This is an increase of 1,438% compared to the typical volume of 78 call options.

Siga Technologies Stock Performance

Shares of NASDAQ SIGA opened at $8.35 on Friday. The stock has a market cap of $597.94 million, a PE ratio of 7.39 and a beta of 0.96. The business has a fifty day moving average of $8.73 and a two-hundred day moving average of $7.11. Siga Technologies has a 52-week low of $4.95 and a 52-week high of $9.62.

Siga Technologies (NASDAQ:SIGA) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.The business had revenue of $81.12 million during the quarter. Analysts predict that Siga Technologies will post 1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

SIGA has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Siga Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised Siga Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC raised its holdings in shares of Siga Technologies by 16.4% in the second quarter. Corient Private Wealth LLC now owns 14,097 shares of the company’s stock valued at $92,000 after buying an additional 1,985 shares during the last quarter. Cim Investment Management Inc. raised its holdings in shares of Siga Technologies by 100.7% in the second quarter. Cim Investment Management Inc. now owns 50,635 shares of the company’s stock valued at $317,000 after buying an additional 25,411 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Siga Technologies by 116.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after buying an additional 3,669 shares during the last quarter. Oxford Asset Management LLP bought a new position in shares of Siga Technologies in the second quarter valued at about $177,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Siga Technologies by 34.1% in the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after buying an additional 1,184 shares during the last quarter. 55.40% of the stock is owned by institutional investors.

About Siga Technologies

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.