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 purchased 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average volume of 78 call options.

Siga Technologies Trading Up 2.2%

SIGA stock opened at $8.31 on Friday. The company’s 50 day moving average is $8.62 and its 200 day moving average is $7.30. The stock has a market cap of $595.08 million, a price-to-earnings ratio of 7.35 and a beta of 0.96. Siga Technologies has a 1-year low of $4.95 and a 1-year high of $9.62.

Siga Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $81.12 million for the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. As a group, sell-side analysts forecast that Siga Technologies will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SIGA. BNP Paribas Financial Markets increased its stake in Siga Technologies by 34.1% in the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after acquiring an additional 1,184 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Siga Technologies during the 2nd quarter valued at about $34,000. State of Alaska Department of Revenue bought a new position in shares of Siga Technologies during the 3rd quarter valued at about $34,000. Tower Research Capital LLC TRC increased its position in shares of Siga Technologies by 116.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after purchasing an additional 3,669 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Siga Technologies by 6,344.8% during the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock valued at $54,000 after purchasing an additional 9,771 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

SIGA has been the topic of a number of analyst reports. Wall Street Zen upgraded Siga Technologies from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Siga Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.