SIGA Technologies Target of Unusually Large Options Trading (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the average volume of 78 call options.

SIGA Technologies Price Performance

Shares of NASDAQ:SIGA opened at $8.51 on Thursday. SIGA Technologies has a 1-year low of $4.22 and a 1-year high of $10.00. The company has a market capitalization of $604.99 million, a P/E ratio of 8.96 and a beta of 0.94. The firm’s 50 day simple moving average is $6.92 and its two-hundred day simple moving average is $5.87.

SIGA Technologies (NASDAQ:SIGA) last released its earnings results on Tuesday, March 12th. The company reported $1.01 EPS for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. The firm had revenue of $116.48 million for the quarter. On average, sell-side analysts anticipate that SIGA Technologies will post 1.22 earnings per share for the current fiscal year.

SIGA Technologies Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were given a $0.60 dividend. The ex-dividend date was Monday, March 25th. This is a boost from SIGA Technologies’s previous dividend of $0.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SIGA. BlackRock Inc. lifted its stake in SIGA Technologies by 1.4% in the second quarter. BlackRock Inc. now owns 3,237,869 shares of the company’s stock worth $16,351,000 after acquiring an additional 43,873 shares during the period. Goldman Sachs Group Inc. increased its holdings in SIGA Technologies by 1,054.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,521,251 shares of the company’s stock worth $12,732,000 after buying an additional 2,302,835 shares during the period. First Wilshire Securities Management Inc. grew its stake in shares of SIGA Technologies by 14.4% during the 4th quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock worth $13,228,000 after purchasing an additional 297,095 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of SIGA Technologies by 17.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,274,359 shares of the company’s stock valued at $12,736,000 after buying an additional 343,599 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of SIGA Technologies by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,242,097 shares of the company’s stock valued at $12,556,000 after buying an additional 39,220 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

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.