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 purchased 1,200 call options on the company. This is an increase of approximately 1,438% compared to the typical volume of 78 call options.

SIGA Technologies Stock Performance

SIGA opened at $9.44 on Friday. The firm has a 50 day moving average price of $7.65 and a 200 day moving average price of $6.10. The company has a market cap of $671.37 million, a PE ratio of 9.94 and a beta of 0.95. SIGA Technologies has a 1 year low of $4.22 and a 1 year high of $10.00.

SIGA Technologies (NASDAQ:SIGA) last posted its earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $116.48 million during the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. On average, sell-side analysts predict that SIGA Technologies 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. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.60 per share. This is a boost from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

Hedge Funds Weigh In On SIGA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in SIGA. BNP Paribas Financial Markets raised its position in shares of SIGA Technologies by 297.7% during the 1st quarter. BNP Paribas Financial Markets now owns 59,053 shares of the company’s stock valued at $505,000 after acquiring an additional 44,205 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of SIGA Technologies by 11.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 52,526 shares of the company’s stock valued at $450,000 after acquiring an additional 5,468 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of SIGA Technologies by 15.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 13,000 shares of the company’s stock valued at $114,000 after acquiring an additional 1,700 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of SIGA Technologies by 66.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 13,660 shares of the company’s stock valued at $125,000 after acquiring an additional 5,435 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of SIGA Technologies by 200.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock valued at $45,000 after acquiring an additional 5,309 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other 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.