Federated Hermes Inc. Sells 1,143,392 Shares of SIGA Technologies, Inc. (NASDAQ:SIGA)

Federated Hermes Inc. lowered its stake in shares of SIGA Technologies, Inc. (NASDAQ:SIGA) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,219,848 shares of the company’s stock after selling 1,143,392 shares during the quarter. Federated Hermes Inc. owned 4.53% of SIGA Technologies worth $18,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SIGA. Aigen Investment Management LP bought a new position in shares of SIGA Technologies during the 3rd quarter worth approximately $99,000. DAVENPORT & Co LLC increased its position in shares of SIGA Technologies by 280.0% during the 4th quarter. DAVENPORT & Co LLC now owns 95,000 shares of the company’s stock valued at $532,000 after purchasing an additional 70,000 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of SIGA Technologies by 351.7% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after purchasing an additional 6,404 shares during the period. General American Investors Co. Inc. boosted its holdings in shares of SIGA Technologies by 152.9% in the 3rd quarter. General American Investors Co. Inc. now owns 971,131 shares of the company’s stock worth $5,098,000 after buying an additional 587,123 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in SIGA Technologies during the third quarter valued at about $440,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Stock Performance

NASDAQ SIGA opened at $8.35 on Tuesday. The company has a market capitalization of $593.60 million, a PE ratio of 8.79 and a beta of 0.94. SIGA Technologies, Inc. has a 52-week low of $4.22 and a 52-week high of $10.00. The company has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $5.94.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly 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 company had revenue of $116.48 million for the quarter. As a group, analysts forecast that SIGA Technologies, Inc. will post 1.22 EPS for the current fiscal year.

SIGA Technologies Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.60 per share. This is an increase from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

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.