Hotchkis & Wiley Capital Management LLC Buys 1,237,620 Shares of SIGA Technologies, Inc. (NASDAQ:SIGA)

Hotchkis & Wiley Capital Management LLC raised its stake in SIGA Technologies, Inc. (NASDAQ:SIGA - Free Report) by 152.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,048,440 shares of the company's stock after purchasing an additional 1,237,620 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.87% of SIGA Technologies worth $13,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in SIGA Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company's stock worth $19,548,000 after purchasing an additional 41,515 shares during the last quarter. AltraVue Capital LLC increased its stake in shares of SIGA Technologies by 6.6% during the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company's stock worth $16,528,000 after purchasing an additional 134,450 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of SIGA Technologies during the 1st quarter worth $157,000. Harbor Capital Advisors Inc. acquired a new position in SIGA Technologies in the 3rd quarter valued at $1,098,000. Finally, Allspring Global Investments Holdings LLC grew its stake in SIGA Technologies by 172.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 211,236 shares of the company's stock valued at $1,426,000 after buying an additional 133,597 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

SIGA Technologies Stock Up 0.9 %

NASDAQ SIGA traded up $0.06 during midday trading on Wednesday, hitting $6.70. The company had a trading volume of 418,327 shares, compared to its average volume of 869,774. The stock has a market cap of $478.38 million, a price-to-earnings ratio of 5.58 and a beta of 0.89. The firm has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $7.83. SIGA Technologies, Inc. has a fifty-two week low of $4.26 and a fifty-two week high of $12.83.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The firm had revenue of $10.01 million during the quarter. As a group, equities analysts predict that SIGA Technologies, Inc. will post 1.04 earnings per share for the current 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.