SIGA Technologies Target of Unusually High Options Trading (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of some unusual options trading on Wednesday. Traders acquired 1,200 call options on the company. This represents an increase of 1,438% compared to the average volume of 78 call options.

Institutional Investors Weigh In On SIGA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in shares of SIGA Technologies during the 3rd quarter worth approximately $757,000. JPMorgan Chase & Co. raised its holdings in shares of SIGA Technologies by 154.4% in the third quarter. JPMorgan Chase & Co. now owns 70,299 shares of the company's stock worth $475,000 after acquiring an additional 42,669 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of SIGA Technologies by 8.1% in the fourth quarter. Principal Financial Group Inc. now owns 23,927 shares of the company's stock valued at $144,000 after acquiring an additional 1,784 shares in the last quarter. Legato Capital Management LLC increased its position in SIGA Technologies by 14.1% during the 4th quarter. Legato Capital Management LLC now owns 532,441 shares of the company's stock worth $3,200,000 after purchasing an additional 65,800 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in SIGA Technologies by 58.3% in the 4th quarter. Denali Advisors LLC now owns 378,544 shares of the company's stock valued at $2,275,000 after purchasing 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

NASDAQ:SIGA traded down $0.07 during trading hours on Tuesday, hitting $5.90. The company's stock had a trading volume of 87,710 shares, compared to its average volume of 773,725. The company has a market capitalization of $421.48 million, a PE ratio of 4.91 and a beta of 1.03. SIGA Technologies has a 52-week low of $4.95 and a 52-week high of $12.83. The business's 50-day moving average is $5.75 and its two-hundred day moving average is $6.24.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.63 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 $81.40 million for the quarter. As a group, analysts predict that SIGA Technologies will post 1.04 EPS for the current fiscal year.

SIGA Technologies Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, April 29th.

About SIGA Technologies

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.