Siga Technologies Inc. $SIGA Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. trimmed its holdings in shares of Siga Technologies Inc. (NASDAQ:SIGA) by 56.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 697,209 shares of the company’s stock after selling 889,640 shares during the period. Siga Technologies comprises approximately 1.2% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 28th biggest position. First Wilshire Securities Management Inc. owned approximately 0.97% of Siga Technologies worth $4,546,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Siga Technologies in the second quarter valued at $34,000. Russell Investments Group Ltd. lifted its position in shares of Siga Technologies by 6,344.8% in the first quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock worth $54,000 after purchasing an additional 9,771 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Siga Technologies during the second quarter worth approximately $78,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Siga Technologies during the second quarter valued at approximately $95,000. Finally, EP Wealth Advisors LLC increased its stake in Siga Technologies by 44.1% in the 1st quarter. EP Wealth Advisors LLC now owns 20,018 shares of the company’s stock valued at $110,000 after buying an additional 6,131 shares during the period. Institutional investors own 55.40% of the company’s stock.

Siga Technologies Price Performance

Siga Technologies stock opened at $6.20 on Monday. The business has a 50 day simple moving average of $7.45 and a 200 day simple moving average of $7.43. The company has a market capitalization of $443.98 million, a PE ratio of 6.08 and a beta of 0.98. Siga Technologies Inc. has a one year low of $4.95 and a one year high of $9.62.

Siga Technologies (NASDAQ:SIGA) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $2.62 million during the quarter. Siga Technologies had a net margin of 43.22% and a return on equity of 35.23%. Equities analysts anticipate that Siga Technologies Inc. will post 1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SIGA has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Siga Technologies in a report on Tuesday, December 2nd. Wall Street Zen lowered Siga Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.