SIGA Technologies Target of Unusually Large Options Trading (NASDAQ:SIGA)

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

SIGA Technologies Trading Up 1.0 %

Shares of SIGA Technologies stock opened at $6.00 on Thursday. The firm has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $7.69. The stock has a market capitalization of $428.43 million, a price-to-earnings ratio of 5.00 and a beta of 0.89. SIGA Technologies has a 1-year low of $4.26 and a 1-year high of $12.83.

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

Hedge Funds Weigh In On SIGA Technologies

Large investors have recently made changes to their positions in the business. AltraVue Capital LLC increased its position in SIGA Technologies by 6.6% in the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock worth $16,528,000 after buying an additional 134,450 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of SIGA Technologies by 152.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock worth $13,827,000 after acquiring an additional 1,237,620 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SIGA Technologies by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,821,788 shares of the company’s stock worth $13,826,000 after acquiring an additional 133,883 shares during the period. Geode Capital Management LLC raised its stake in SIGA Technologies by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,112,743 shares of the company’s stock valued at $7,512,000 after purchasing an additional 66,344 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in SIGA Technologies by 251.2% in the 2nd quarter. American Century Companies Inc. now owns 841,759 shares of the company’s stock valued at $6,389,000 after purchasing an additional 602,091 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.