SIGA Technologies (NASDAQ:SIGA) Sees Unusually-High Trading Volume

Shares of SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually-strong trading volume on Wednesday . Approximately 1,289,830 shares changed hands during trading, an increase of 80% from the previous session’s volume of 718,097 shares.The stock last traded at $8.99 and had previously closed at $10.46.

SIGA Technologies Price Performance

The stock’s 50-day simple moving average is $8.08 and its two-hundred day simple moving average is $6.25. The firm has a market cap of $551.18 million, a P/E ratio of 8.16 and a beta of 0.95.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. The company had revenue of $116.48 million for the quarter. As a group, sell-side analysts expect that SIGA Technologies, Inc. will post 1.22 earnings per share for the current year.

SIGA Technologies Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were paid a $0.60 dividend. This is a positive change from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. First Wilshire Securities Management Inc. lifted its holdings in SIGA Technologies by 14.4% during the 4th quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock valued at $13,228,000 after buying an additional 297,095 shares in the last quarter. General American Investors Co. Inc. boosted its holdings in shares of SIGA Technologies by 152.9% in the third quarter. General American Investors Co. Inc. now owns 971,131 shares of the company’s stock valued at $5,098,000 after purchasing an additional 587,123 shares during the period. New York State Common Retirement Fund grew its stake in SIGA Technologies by 24.5% in the third quarter. New York State Common Retirement Fund now owns 379,555 shares of the company’s stock worth $1,993,000 after purchasing an additional 74,777 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in SIGA Technologies by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 282,824 shares of the company’s stock worth $1,485,000 after purchasing an additional 3,030 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its position in SIGA Technologies by 453.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock valued at $1,226,000 after purchasing an additional 179,388 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

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.