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

Siga Technologies Inc. (NASDAQ:SIGAGet Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the typical volume of 78 call options.

Siga Technologies Price Performance

SIGA stock opened at $6.44 on Thursday. The company has a 50 day moving average price of $6.03 and a 200 day moving average price of $5.98. Siga Technologies has a fifty-two week low of $4.95 and a fifty-two week high of $12.83. The stock has a market capitalization of $460.07 million, a PE ratio of 9.61 and a beta of 0.93.

Siga Technologies (NASDAQ:SIGAGet Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.01) EPS for the quarter. Siga Technologies had a return on equity of 25.21% and a net margin of 40.30%. The business had revenue of $7.04 million for the quarter. As a group, equities analysts expect that Siga Technologies will post 1.04 earnings per share for the current fiscal year.

Siga Technologies Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, April 29th.

Institutional Trading of Siga Technologies

A number of large investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its position in shares of Siga Technologies by 52.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company’s stock valued at $17,308,000 after buying an additional 1,093,080 shares in the last quarter. AltraVue Capital LLC grew its holdings in shares of Siga Technologies by 14.1% in the 4th quarter. AltraVue Capital LLC now owns 2,639,524 shares of the company’s stock valued at $15,864,000 after acquiring an additional 326,630 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Siga Technologies by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,126,065 shares of the company’s stock valued at $12,777,000 after acquiring an additional 217,926 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Siga Technologies by 7.8% in the 1st quarter. American Century Companies Inc. now owns 1,370,660 shares of the company’s stock valued at $7,511,000 after acquiring an additional 98,688 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Siga Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,132,397 shares of the company’s stock worth $6,807,000 after purchasing an additional 19,654 shares during the period. Institutional investors own 55.40% of the company’s stock.

About Siga Technologies

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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.

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