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

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of unusually large 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.

SIGA Technologies Trading Up 5.5 %

SIGA Technologies stock opened at $9.18 on Friday. The firm has a market capitalization of $652.88 million, a price-to-earnings ratio of 8.35 and a beta of 0.94. The firm has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $7.47. SIGA Technologies has a 1-year low of $4.22 and a 1-year high of $10.83.

SIGA Technologies (NASDAQ:SIGA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 51.84% and a net margin of 48.55%. The business had revenue of $21.81 million for the quarter. During the same period last year, the company posted ($0.04) EPS. On average, equities research analysts forecast that SIGA Technologies will post 1.18 EPS for the current year.

Hedge Funds Weigh In On SIGA Technologies

A number of large investors have recently modified their holdings of the company. DAVENPORT & Co LLC increased its stake in SIGA Technologies by 280.0% in the 4th quarter. DAVENPORT & Co LLC now owns 95,000 shares of the company’s stock worth $532,000 after acquiring an additional 70,000 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of SIGA Technologies in the first quarter worth approximately $1,367,000. Victory Capital Management Inc. raised its stake in SIGA Technologies by 6.1% in the fourth 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 in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in SIGA Technologies by 453.4% during the fourth 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 during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in SIGA Technologies by 297.7% during the first quarter. BNP Paribas Financial Markets now owns 59,053 shares of the company’s stock valued at $505,000 after purchasing an additional 44,205 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

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.