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

SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually large options trading on Wednesday. Traders purchased 1,200 call options on the stock. This represents an increase of 1,438% compared to the typical daily volume of 78 call options.

SIGA Technologies Stock Performance

Shares of SIGA opened at $4.40 on Thursday. The stock has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.53. The stock has a market capitalization of $312.75 million, a price-to-earnings ratio of 11.28 and a beta of 0.76. SIGA Technologies has a one year low of $4.29 and a one year high of $14.48.

SIGA Technologies (NASDAQ:SIGA) last released its earnings results on Tuesday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 18.08% and a net margin of 29.08%. The business had revenue of $5.88 million for the quarter. On average, analysts predict that SIGA Technologies will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On SIGA Technologies

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its position in shares of SIGA Technologies by 65.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 372,103 shares of the company’s stock worth $2,140,000 after purchasing an additional 146,586 shares during the period. Strs Ohio boosted its stake in shares of SIGA Technologies by 51.0% in the first quarter. Strs Ohio now owns 93,000 shares of the company’s stock valued at $534,000 after purchasing an additional 31,400 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of SIGA Technologies by 28.8% in the first quarter. Exchange Traded Concepts LLC now owns 66,745 shares of the company’s stock valued at $384,000 after purchasing an additional 14,925 shares during the period. First Trust Advisors LP grew its holdings in shares of SIGA Technologies by 204.4% in the fourth quarter. First Trust Advisors LP now owns 294,953 shares of the company’s stock valued at $2,171,000 after purchasing an additional 198,049 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in SIGA Technologies by 232.2% during the 4th quarter. Victory Capital Management Inc. now owns 193,996 shares of the company’s stock worth $1,422,000 after buying an additional 135,603 shares in the last quarter. 46.68% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Company Profile

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.