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

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

Institutional Trading of Siga Technologies

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Siga Technologies by 418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock worth $25,000 after purchasing an additional 3,349 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in 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 in the last quarter. CWM LLC grew its position in Siga Technologies by 148.6% in the fourth quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after acquiring an additional 3,005 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Siga Technologies during the third quarter worth about $34,000. Finally, Tower Research Capital LLC TRC raised its stake in Siga Technologies by 116.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock worth $44,000 after acquiring an additional 3,669 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Siga Technologies Price Performance

Shares of NASDAQ:SIGA opened at $4.60 on Friday. The business’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $6.26. Siga Technologies has a 1 year low of $4.29 and a 1 year high of $9.62. The company has a market capitalization of $329.54 million, a P/E ratio of 14.84 and a beta of 1.05.

Siga Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $3.79 million during the quarter. Siga Technologies had a net margin of 24.61% and a return on equity of 11.25%.

Siga Technologies Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, April 7th.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Siga Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Siga Technologies

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.