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

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

SIGA Technologies Stock Performance

NASDAQ:SIGA opened at $5.43 on Friday. The stock’s 50 day moving average price is $5.76 and its 200 day moving average price is $6.21. SIGA Technologies has a 52 week low of $4.95 and a 52 week high of $12.83. The company has a market capitalization of $387.92 million, a P/E ratio of 4.53 and a beta of 1.03.

SIGA Technologies (NASDAQ:SIGA) last announced its earnings results on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $81.40 million during the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. As a group, sell-side analysts forecast that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

SIGA Technologies Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 29th.

Institutional Investors Weigh In On SIGA Technologies

Hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas boosted its position in shares of SIGA Technologies by 19.9% in the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company’s stock valued at $77,000 after acquiring an additional 2,126 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of SIGA Technologies in the fourth quarter valued at approximately $78,000. Sherbrooke Park Advisers LLC bought a new stake in shares of SIGA Technologies in the fourth quarter valued at approximately $83,000. EP Wealth Advisors LLC boosted its position in shares of SIGA Technologies by 14.5% in the fourth quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company’s stock valued at $83,000 after acquiring an additional 1,755 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of SIGA Technologies by 26.6% in the fourth quarter. ProShare Advisors LLC now owns 16,424 shares of the company’s stock valued at $99,000 after acquiring an additional 3,455 shares during the period. 55.40% of the stock is owned by 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.