SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average volume of 78 call options.
Hedge Funds Weigh In On SIGA Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC lifted its stake 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 valued at $13,827,000 after buying an additional 1,237,620 shares in the last quarter. American Century Companies Inc. raised its holdings in SIGA Technologies by 251.2% during the 2nd quarter. American Century Companies Inc. now owns 841,759 shares of the company's stock valued at $6,389,000 after acquiring an additional 602,091 shares during the period. Foundry Partners LLC purchased a new stake in shares of SIGA Technologies during the third quarter worth $2,801,000. Denali Advisors LLC purchased a new stake in shares of SIGA Technologies during the second quarter worth $1,815,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of SIGA Technologies in the third quarter worth $1,098,000. Institutional investors own 55.40% of the company's stock.
SIGA Technologies Stock Up 4.7 %
SIGA Technologies stock traded up $0.33 during trading on Thursday, hitting $7.36. The stock had a trading volume of 440,679 shares, compared to its average volume of 877,049. The stock's 50 day moving average is $6.99 and its two-hundred day moving average is $7.85. SIGA Technologies has a 1 year low of $4.26 and a 1 year high of $12.83. The stock has a market cap of $525.54 million, a price-to-earnings ratio of 6.13 and a beta of 0.89.
SIGA Technologies (NASDAQ:SIGA - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. The company had revenue of $10.01 million during the quarter. As a group, equities research analysts anticipate that SIGA Technologies will post 1.04 EPS for the current fiscal year.
About SIGA Technologies
(
Get Free Report)
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.
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