Traders Buy Large Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of some unusual options trading on Wednesday. Traders bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average volume of 78 call options.

SIGA Technologies Stock Up 1.1 %

SIGA opened at $6.39 on Thursday. The firm has a market cap of $456.28 million, a P/E ratio of 5.33 and a beta of 0.94. SIGA Technologies has a 52 week low of $4.26 and a 52 week high of $12.83. The business’s fifty day simple moving average is $6.36 and its 200 day simple moving average is $7.54.

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

Institutional Investors Weigh In On SIGA Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of SIGA Technologies by 30.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,902 shares of the company’s stock valued at $120,000 after purchasing an additional 4,597 shares during the period. Linden Thomas Advisory Services LLC grew its position in shares of SIGA Technologies by 21.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 24,292 shares of the company’s stock valued at $146,000 after purchasing an additional 4,315 shares during the period. Exchange Traded Concepts LLC grew its position in shares of SIGA Technologies by 39.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,179 shares of the company’s stock valued at $296,000 after purchasing an additional 13,807 shares during the period. SG Americas Securities LLC grew its position in shares of SIGA Technologies by 7.8% in the fourth quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock valued at $137,000 after purchasing an additional 1,652 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in SIGA Technologies by 3.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 168,478 shares of the company’s stock valued at $1,013,000 after acquiring an additional 5,772 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.