SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) saw unusually large options trading activity on Wednesday. Traders acquired 1,200 call options on the company. This represents an increase of 1,438% compared to the average daily volume of 78 call options.
Hedge Funds Weigh In On SIGA Technologies
Several hedge funds and other institutional investors have recently modified their holdings of SIGA. Wellington Management Group LLP bought a new stake in SIGA Technologies during the 3rd quarter valued at approximately $757,000. JPMorgan Chase & Co. boosted 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 purchasing an additional 42,669 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in SIGA Technologies by 152.6% in the third 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. Foundry Partners LLC bought a new position in SIGA Technologies in the third quarter worth $2,801,000. Finally, Harbor Capital Advisors Inc. purchased a new position in SIGA Technologies during the third quarter valued at $1,098,000. Hedge funds and other institutional investors own 55.40% of the company's stock.
SIGA Technologies Stock Performance
Shares of SIGA Technologies stock traded up $0.06 during midday trading on Friday, reaching $5.85. 233,561 shares of the company's stock traded hands, compared to its average volume of 300,050. The stock has a 50 day moving average of $6.22 and a 200-day moving average of $7.29. SIGA Technologies has a 12 month low of $4.49 and a 12 month high of $12.83. The company has a market cap of $417.69 million, a PE ratio of 4.88 and a beta of 0.94.
SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The business had revenue of $10.01 million for the quarter. On average, equities analysts anticipate that SIGA Technologies will post 1.04 earnings per share 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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