Investors Purchase Large Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGAGet Free Report) was the target of some unusual options trading on Wednesday. Traders purchased 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the average volume of 78 call options.

Hedge Funds Weigh In On SIGA Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIGA. Allspring Global Investments Holdings LLC boosted its holdings in SIGA Technologies by 11.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 52,526 shares of the company’s stock worth $450,000 after buying an additional 5,468 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in SIGA Technologies by 297.7% during the first quarter. BNP Paribas Financial Markets now owns 59,053 shares of the company’s stock worth $505,000 after buying an additional 44,205 shares during the last quarter. Vanguard Group Inc. raised its position in shares of SIGA Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock worth $19,548,000 after purchasing an additional 41,515 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of SIGA Technologies during the first quarter worth about $1,367,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of SIGA Technologies by 996.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 24,836 shares of the company’s stock worth $212,000 after purchasing an additional 22,571 shares during the period. Institutional investors own 55.40% of the company’s stock.

SIGA Technologies Stock Down 0.4 %

SIGA Technologies stock opened at $7.08 on Thursday. SIGA Technologies has a 12-month low of $4.26 and a 12-month high of $12.83. The stock has a market cap of $505.29 million, a price-to-earnings ratio of 6.05 and a beta of 0.90. The business’s 50-day simple moving average is $7.58 and its 200 day simple moving average is $8.12.

SIGA Technologies (NASDAQ:SIGAGet Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 51.40% and a net margin of 48.55%. The firm had revenue of $21.81 million for the quarter. During the same quarter last year, the business posted ($0.04) EPS. As a group, sell-side analysts expect that SIGA Technologies will post 1.01 EPS for the current year.

About SIGA Technologies

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for SIGA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIGA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.