Denali Advisors LLC Makes New Investment in SIGA Technologies, Inc. (NASDAQ:SIGA)

Denali Advisors LLC purchased a new stake in shares of SIGA Technologies, Inc. (NASDAQ:SIGA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 239,100 shares of the company’s stock, valued at approximately $1,815,000. Denali Advisors LLC owned about 0.34% of SIGA Technologies at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in shares of SIGA Technologies by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 200,589 shares of the company’s stock valued at $1,123,000 after purchasing an additional 11,557 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of SIGA Technologies by 23.0% during the fourth quarter. Principal Financial Group Inc. now owns 57,781 shares of the company’s stock valued at $324,000 after buying an additional 10,813 shares during the last quarter. First Wilshire Securities Management Inc. increased its holdings in shares of SIGA Technologies by 14.4% in the fourth quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock worth $13,228,000 after buying an additional 297,095 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of SIGA Technologies by 453.4% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock valued at $1,226,000 after acquiring an additional 179,388 shares during the last quarter. Finally, Steward Partners Investment Solutions LLC purchased a new stake in SIGA Technologies during the 4th quarter valued at about $58,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Price Performance

SIGA opened at $7.99 on Tuesday. SIGA Technologies, Inc. has a 1 year low of $4.26 and a 1 year high of $12.83. The stock’s 50 day simple moving average is $9.05 and its 200 day simple moving average is $8.25. The firm has a market cap of $570.25 million, a price-to-earnings ratio of 7.26 and a beta of 0.91.

SIGA Technologies (NASDAQ:SIGA) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 48.55% and a return on equity of 51.40%. The firm had revenue of $21.81 million for the quarter. During the same quarter in the prior year, the business posted ($0.04) EPS. As a group, sell-side analysts anticipate that SIGA Technologies, Inc. will post 1.01 EPS for the current year.

SIGA Technologies 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.