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

SIGA Technologies, Inc. (NASDAQ:SIGA) saw some unusual options trading activity on Wednesday. Stock investors bought 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 Stock Up 1.9%

NASDAQ:SIGA opened at $6.34 on Thursday. SIGA Technologies has a 12-month low of $4.95 and a 12-month high of $12.83. The stock’s fifty day simple moving average is $5.95 and its 200-day simple moving average is $6.02. The firm has a market capitalization of $452.94 million, a P/E ratio of 5.28 and a beta of 0.93.

SIGA Technologies (NASDAQ:SIGA) last issued its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $7.04 million for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. As a group, equities research analysts expect that SIGA Technologies will post 1.04 earnings per share for the current year.

SIGA Technologies Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were paid 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. SG Americas Securities LLC lifted its holdings in SIGA Technologies by 7.8% during the fourth quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock worth $137,000 after acquiring an additional 1,652 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of SIGA Technologies by 14.5% during the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company’s stock valued at $83,000 after purchasing an additional 1,755 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of SIGA Technologies by 8.1% in the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company’s stock valued at $144,000 after purchasing an additional 1,784 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in shares of SIGA Technologies by 8.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 26,230 shares of the company’s stock valued at $144,000 after buying an additional 1,938 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of SIGA Technologies by 19.9% during the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company’s stock worth $77,000 after acquiring an additional 2,126 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

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.