Investors 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. Stock traders purchased 1,200 call options on the company. This represents an increase of 1,438% compared to the average volume of 78 call options.

SIGA Technologies Trading Up 6.1 %

SIGA opened at $9.32 on Thursday. The stock has a market cap of $662.51 million, a PE ratio of 9.81 and a beta of 0.94. SIGA Technologies has a 1 year low of $4.22 and a 1 year high of $10.00. The stock’s 50 day simple moving average is $7.65 and its 200-day simple moving average is $6.10.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. SIGA Technologies had a return on equity of 44.84% and a net margin of 48.65%. The firm had revenue of $116.48 million for the quarter. Equities analysts forecast that SIGA Technologies will post 1.22 earnings per share for the current fiscal year.

SIGA Technologies Increases Dividend

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

Institutional Trading of SIGA Technologies

Large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in shares of SIGA Technologies during the third quarter valued at $440,000. Bank of New York Mellon Corp lifted its stake in shares of SIGA Technologies by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 282,824 shares of the company’s stock valued at $1,485,000 after acquiring an additional 3,030 shares during the period. General American Investors Co. Inc. lifted its stake in shares of SIGA Technologies by 152.9% during the third quarter. General American Investors Co. Inc. now owns 971,131 shares of the company’s stock valued at $5,098,000 after acquiring an additional 587,123 shares during the period. Principal Financial Group Inc. lifted its stake in shares of SIGA Technologies by 29.6% during the third quarter. Principal Financial Group Inc. now owns 46,968 shares of the company’s stock valued at $247,000 after acquiring an additional 10,719 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of SIGA Technologies by 24.5% during the third quarter. New York State Common Retirement Fund now owns 379,555 shares of the company’s stock valued at $1,993,000 after acquiring an additional 74,777 shares during the period. 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.