SIGA Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw some unusual options trading activity on Wednesday. Traders acquired 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the typical volume of 78 call options.

Institutional Trading of SIGA Technologies

Several hedge funds have recently added to or reduced their stakes in SIGA. AltraVue Capital LLC increased its stake in SIGA Technologies by 14.1% in the 4th quarter. AltraVue Capital LLC now owns 2,639,524 shares of the company’s stock worth $15,864,000 after purchasing an additional 326,630 shares during the period. Dimensional Fund Advisors LP increased its position in shares of SIGA Technologies by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,126,065 shares of the company’s stock valued at $12,777,000 after acquiring an additional 217,926 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of SIGA Technologies by 152.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock worth $13,827,000 after purchasing an additional 1,237,620 shares during the period. American Century Companies Inc. grew its stake in shares of SIGA Technologies by 9.9% in the fourth quarter. American Century Companies Inc. now owns 1,271,972 shares of the company’s stock worth $7,645,000 after purchasing an additional 114,270 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in SIGA Technologies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,132,397 shares of the company’s stock valued at $6,807,000 after purchasing an additional 19,654 shares during the period. 55.40% of the stock is owned by institutional investors.

SIGA Technologies Stock Down 0.3 %

SIGA opened at $5.74 on Thursday. The company’s 50-day moving average price is $5.94 and its two-hundred day moving average price is $6.57. SIGA Technologies has a twelve month low of $5.16 and a twelve month high of $12.83. The stock has a market cap of $410.05 million, a price-to-earnings ratio of 4.78 and a beta of 0.98.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.63 earnings per share for the quarter. The firm had revenue of $81.40 million for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. As a group, sell-side analysts anticipate that SIGA Technologies will post 1.04 earnings per share for the current year.

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.