SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average daily volume of 78 call options.
Institutional Trading of SIGA Technologies
Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in shares of SIGA Technologies in the third quarter valued at approximately $757,000. JPMorgan Chase & Co. boosted its position in SIGA Technologies by 154.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,299 shares of the company's stock valued at $475,000 after buying an additional 42,669 shares during the period. Legato Capital Management LLC grew its stake in shares of SIGA Technologies by 14.1% in the fourth quarter. Legato Capital Management LLC now owns 532,441 shares of the company's stock worth $3,200,000 after acquiring an additional 65,800 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of SIGA Technologies by 8.1% during the fourth 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 period. Finally, Denali Advisors LLC raised its stake in shares of SIGA Technologies by 58.3% in the fourth quarter. Denali Advisors LLC now owns 378,544 shares of the company's stock valued at $2,275,000 after acquiring an additional 139,354 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.
SIGA Technologies Stock Performance
Shares of NASDAQ:SIGA traded up $0.17 during midday trading on Friday, hitting $5.39. The company's stock had a trading volume of 487,507 shares, compared to its average volume of 777,423. The company has a market cap of $385.05 million, a P/E ratio of 4.49 and a beta of 0.98. SIGA Technologies has a 12-month low of $5.01 and a 12-month high of $12.83. The business's 50 day simple moving average is $5.79 and its 200 day simple moving average is $6.40.
SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) 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. On average, sell-side analysts predict 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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