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

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

Hedge Funds Weigh In On Siga Technologies

Several institutional investors and hedge funds have recently modified their holdings of SIGA. Farther Finance Advisors LLC increased its holdings in shares of Siga Technologies by 418.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock valued at $25,000 after purchasing an additional 3,349 shares during the last quarter. BNP Paribas Financial Markets increased 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 purchasing an additional 1,184 shares during the last quarter. CWM LLC increased its holdings in shares of 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 purchasing an additional 3,005 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Siga Technologies in the third quarter valued at $34,000. Finally, Tower Research Capital LLC TRC increased 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 purchasing an additional 3,669 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Siga Technologies Trading Down 1.2%

NASDAQ SIGA opened at $4.26 on Friday. The company has a market cap of $305.54 million, a PE ratio of 15.78 and a beta of 0.93. Siga Technologies has a 12 month low of $4.25 and a 12 month high of $9.62. The stock has a 50 day moving average of $4.93 and a 200-day moving average of $6.02.

Siga Technologies (NASDAQ:SIGA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter. Siga Technologies had a return on equity of 10.60% and a net margin of 21.58%.The business had revenue of $6.24 million for the quarter.

Siga Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Siga Technologies presently has an average rating of “Hold”.

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.