Siga Technologies Inc. $SIGA Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its holdings in shares of Siga Technologies Inc. (NASDAQ:SIGA) by 58.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,413 shares of the company’s stock after selling 115,000 shares during the period. Campbell & CO Investment Adviser LLC owned 0.12% of Siga Technologies worth $763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SIGA. BNP Paribas Financial Markets grew its stake in Siga Technologies by 34.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock worth $30,000 after buying an additional 1,184 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Siga Technologies in the second quarter worth about $34,000. State of Alaska Department of Revenue purchased a new stake in shares of Siga Technologies during the third quarter worth about $34,000. Tower Research Capital LLC TRC increased its holdings in shares of Siga Technologies by 116.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after acquiring an additional 3,669 shares in the last quarter. Finally, Bailard Inc. purchased a new position in shares of Siga Technologies in the 2nd quarter valued at approximately $78,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on SIGA shares. Weiss Ratings raised shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Wall Street Zen lowered shares of Siga Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Siga Technologies Trading Down 0.6%

SIGA opened at $6.54 on Wednesday. Siga Technologies Inc. has a 12-month low of $4.95 and a 12-month high of $9.62. The firm has a market capitalization of $468.33 million, a PE ratio of 6.41 and a beta of 0.98. The firm has a 50 day moving average of $6.26 and a two-hundred day moving average of $7.46.

Siga Technologies (NASDAQ:SIGA) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.62 million during the quarter. Siga Technologies had a net margin of 43.22% and a return on equity of 35.23%. As a group, analysts predict that Siga Technologies Inc. will post 1.04 EPS for the current fiscal year.

Siga Technologies Profile

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.