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

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIGA. Vanguard Group Inc. increased its position in SIGA Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock worth $19,548,000 after purchasing an additional 41,515 shares during the last quarter. AltraVue Capital LLC grew its stake in shares of SIGA Technologies by 6.6% in the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock valued at $16,528,000 after buying an additional 134,450 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of SIGA Technologies by 152.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock worth $13,827,000 after buying an additional 1,237,620 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of SIGA Technologies by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,821,788 shares of the company’s stock valued at $13,826,000 after buying an additional 133,883 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in SIGA Technologies by 6.3% in the third quarter. Geode Capital Management LLC now owns 1,112,743 shares of the company’s stock valued at $7,512,000 after acquiring an additional 66,344 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

SIGA Technologies Trading Up 4.7 %

SIGA stock opened at $7.36 on Thursday. The company has a market cap of $525.50 million, a price-to-earnings ratio of 6.13 and a beta of 0.89. The firm has a 50-day moving average of $6.99 and a two-hundred day moving average of $7.85. SIGA Technologies has a 12 month low of $4.26 and a 12 month high of $12.83.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter. The firm had revenue of $10.01 million during the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. As a group, equities analysts forecast that SIGA Technologies will post 1.04 earnings per share for the current year.

SIGA Technologies Company 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.