Bank of New York Mellon Corp Boosts Stock Holdings in SIGA Technologies, Inc. (NASDAQ:SIGA)

Bank of New York Mellon Corp raised its position in SIGA Technologies, Inc. (NASDAQ:SIGA - Free Report) by 52.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,712 shares of the company's stock after purchasing an additional 99,670 shares during the quarter. Bank of New York Mellon Corp owned about 0.41% of SIGA Technologies worth $1,741,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in SIGA Technologies in the 3rd quarter valued at about $757,000. JPMorgan Chase & Co. increased its position in shares of SIGA Technologies by 154.4% during the third quarter. JPMorgan Chase & Co. now owns 70,299 shares of the company's stock valued at $475,000 after acquiring an additional 42,669 shares during the last quarter. Legato Capital Management LLC raised its stake in shares of SIGA Technologies by 14.1% in the 4th quarter. Legato Capital Management LLC now owns 532,441 shares of the company's stock valued at $3,200,000 after acquiring an additional 65,800 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of SIGA Technologies by 8.1% in the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company's stock worth $144,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of SIGA Technologies by 152.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company's stock worth $13,827,000 after purchasing an additional 1,237,620 shares during the period. Hedge funds and other institutional investors own 55.40% of the company's stock.

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SIGA Technologies Trading Down 2.7 %

SIGA Technologies stock traded down $0.16 during trading on Wednesday, hitting $5.73. The company had a trading volume of 246,199 shares, compared to its average volume of 796,447. The company's 50 day simple moving average is $5.90 and its 200-day simple moving average is $6.49. SIGA Technologies, Inc. has a 1-year low of $5.16 and a 1-year high of $12.83. The stock has a market cap of $409.33 million, a price-to-earnings ratio of 4.78 and a beta of 0.98.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.63 earnings per share for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. The business had revenue of $81.40 million during the quarter. As a group, analysts forecast that SIGA Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

SIGA Technologies 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.