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

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the typical daily volume of 78 call options.

Hedge Funds Weigh In On SIGA Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in SIGA Technologies by 6,344.8% during the first quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock valued at $54,000 after acquiring an additional 9,771 shares in the last quarter. Corton Capital Inc. bought a new position in shares of SIGA Technologies in the first quarter valued at approximately $58,000. Teacher Retirement System of Texas raised 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 purchasing an additional 2,126 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of SIGA Technologies in the fourth quarter valued at approximately $78,000. Finally, EP Wealth Advisors LLC raised 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 purchasing an additional 1,755 shares during the period. Institutional investors own 55.40% of the company’s stock.

SIGA Technologies Stock Performance

Shares of SIGA opened at $5.93 on Thursday. The firm has a market cap of $423.65 million, a PE ratio of 4.94 and a beta of 0.92. The firm’s 50 day moving average price is $5.77 and its 200 day moving average price is $6.14. SIGA Technologies has a twelve month low of $4.95 and a twelve month high of $12.83.

SIGA Technologies (NASDAQ:SIGA) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $7.04 million for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. On average, sell-side analysts anticipate that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

SIGA Technologies Dividend Announcement

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

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.