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

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

SIGA Technologies Stock Performance

Shares of NASDAQ SIGA opened at $7.22 on Friday. SIGA Technologies has a 52-week low of $4.26 and a 52-week high of $12.83. The company’s 50 day moving average price is $7.54 and its 200-day moving average price is $8.11. The company has a market capitalization of $515.28 million, a P/E ratio of 6.17 and a beta of 0.90.

SIGA Technologies (NASDAQ:SIGA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $21.81 million during the quarter. SIGA Technologies had a return on equity of 51.40% and a net margin of 48.55%. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Analysts forecast that SIGA Technologies will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On SIGA Technologies

Several large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of SIGA Technologies by 8.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,180 shares of the company’s stock valued at $250,000 after purchasing an additional 2,218 shares during the period. Rhumbline Advisers boosted its holdings in SIGA Technologies by 4.2% in the second quarter. Rhumbline Advisers now owns 69,947 shares of the company’s stock worth $531,000 after acquiring an additional 2,851 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in SIGA Technologies by 27.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,871 shares of the company’s stock valued at $120,000 after acquiring an additional 3,370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of SIGA Technologies by 38.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company’s stock valued at $104,000 after acquiring an additional 3,829 shares in the last quarter. Finally, General American Investors Co. Inc. increased its holdings in shares of SIGA Technologies by 0.7% during the second quarter. General American Investors Co. Inc. now owns 746,646 shares of the company’s stock valued at $5,667,000 after acquiring an additional 4,919 shares in the last quarter. Institutional investors and hedge funds 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.