Traders Purchase Large Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

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

Institutional Trading of SIGA Technologies

Several large investors have recently modified their holdings of SIGA. Tower Research Capital LLC TRC boosted its holdings in SIGA Technologies by 200.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock valued at $45,000 after purchasing an additional 5,309 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in shares of SIGA Technologies by 351.7% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after acquiring an additional 6,404 shares during the period. Evergreen Capital Management LLC bought a new position in shares of SIGA Technologies during the 3rd quarter worth about $57,000. Steward Partners Investment Solutions LLC bought a new position in shares of SIGA Technologies during the 4th quarter worth about $58,000. Finally, Aigen Investment Management LP bought a new position in shares of SIGA Technologies during the 3rd quarter worth about $99,000. 55.40% of the stock is owned by institutional investors.

SIGA Technologies Price Performance

SIGA stock opened at $9.32 on Thursday. SIGA Technologies has a 12 month low of $4.22 and a 12 month high of $10.00. The firm has a market cap of $662.51 million, a PE ratio of 9.81 and a beta of 0.94. The firm has a 50 day simple moving average of $7.65 and a 200 day simple moving average of $6.10.

SIGA Technologies (NASDAQ:SIGA) last released its earnings results on Tuesday, March 12th. The company reported $1.01 EPS for the quarter. The business had revenue of $116.48 million during the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. As a group, sell-side analysts expect that SIGA Technologies will post 1.22 earnings per share for the current year.

SIGA Technologies Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.60 per share. This is a positive change from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

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.