SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 1,200 call options on the company. This is an increase of 1,438% compared to the typical volume of 78 call options.
Institutional Trading of SIGA Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in SIGA. Price T Rowe Associates Inc. MD increased its holdings in shares of SIGA Technologies by 8.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,180 shares of the company's stock valued at $250,000 after buying an additional 2,218 shares in the last quarter. Rhumbline Advisers raised its position in shares of SIGA Technologies by 4.2% during the second quarter. Rhumbline Advisers now owns 69,947 shares of the company's stock worth $531,000 after purchasing an additional 2,851 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of SIGA Technologies by 38.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company's stock valued at $104,000 after purchasing an additional 3,829 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of SIGA Technologies in the 3rd quarter valued at $30,000. Finally, General American Investors Co. Inc. increased its stake in SIGA Technologies by 0.7% in the 2nd quarter. General American Investors Co. Inc. now owns 746,646 shares of the company's stock worth $5,667,000 after purchasing an additional 4,919 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.
SIGA Technologies Stock Performance
Shares of SIGA stock traded down $0.17 during mid-day trading on Thursday, hitting $6.15. 508,204 shares of the stock traded hands, compared to its average volume of 862,712. The firm has a market cap of $439.14 million, a price-to-earnings ratio of 5.13 and a beta of 0.89. The company's 50-day simple moving average is $6.86 and its 200-day simple moving average is $7.80. SIGA Technologies has a twelve month low of $4.26 and a twelve month high of $12.83.
SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS 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 for the quarter. Analysts forecast that SIGA Technologies will post 1.04 earnings per share for the current 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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