Siga Technologies Sees Unusually Large Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the target of some unusual options trading activity on Wednesday. Stock traders bought 1,200 call options on the stock. This represents an increase of 1,438% compared to the typical daily volume of 78 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SIGA. Campbell & CO Investment Adviser LLC grew its position in Siga Technologies by 413.6% in the second quarter. Campbell & CO Investment Adviser LLC now owns 198,413 shares of the company’s stock valued at $1,294,000 after acquiring an additional 159,779 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Siga Technologies in the 2nd quarter valued at approximately $394,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Siga Technologies by 44.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,432 shares of the company’s stock valued at $140,000 after purchasing an additional 6,616 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Siga Technologies during the 2nd quarter valued at approximately $123,000. Finally, CSM Advisors LLC acquired a new position in Siga Technologies during the 2nd quarter worth approximately $2,335,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Siga Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings raised shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Siga Technologies Stock Up 1.8%

SIGA stock opened at $6.66 on Thursday. Siga Technologies has a 52 week low of $4.95 and a 52 week high of $9.62. The business has a 50-day simple moving average of $6.27 and a 200 day simple moving average of $7.46. The company has a market cap of $476.93 million, a PE ratio of 6.53 and a beta of 0.98.

Siga Technologies (NASDAQ:SIGA) last released its earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. The firm 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%. On average, analysts anticipate that Siga Technologies will post 1.04 EPS for the current fiscal year.

About Siga Technologies

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.