Traders Purchase Large Volume of Siga Technologies Call Options (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) saw unusually large options trading activity on Wednesday. Investors bought 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the average volume of 78 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Siga Technologies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings lowered Siga Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Siga Technologies currently has an average rating of “Sell”.

Institutional Trading of Siga Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC lifted its stake in shares of Siga Technologies by 413.6% in the second quarter. Campbell & CO Investment Adviser LLC now owns 198,413 shares of the company’s stock valued at $1,294,000 after buying an additional 159,779 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Siga Technologies in the 2nd quarter valued at approximately $394,000. Vanguard Personalized Indexing Management LLC raised its holdings in Siga Technologies by 44.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,432 shares of the company’s stock valued at $140,000 after acquiring an additional 6,616 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Siga Technologies in the 2nd quarter worth approximately $123,000. Finally, CSM Advisors LLC bought a new stake in shares of Siga Technologies in the 2nd quarter worth approximately $2,335,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Siga Technologies Price Performance

Siga Technologies stock opened at $6.73 on Thursday. Siga Technologies has a fifty-two week low of $4.95 and a fifty-two week high of $9.62. The firm has a fifty day moving average price of $6.44 and a two-hundred day moving average price of $7.46. The firm has a market cap of $481.94 million, a price-to-earnings ratio of 6.60 and a beta of 0.96.

Siga Technologies (NASDAQ:SIGA) last issued its quarterly earnings results 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%. As a group, sell-side analysts expect that Siga Technologies will post 1.04 earnings per share for the current year.

About Siga Technologies

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.