Man Group plc Makes New Investment in Siga Technologies Inc. $SIGA

Man Group plc purchased a new position in shares of Siga Technologies Inc. (NASDAQ:SIGA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 157,348 shares of the company’s stock, valued at approximately $573,000. Man Group plc owned approximately 0.22% of Siga Technologies at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Siga Technologies by 418.1% during the 4th quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock worth $25,000 after purchasing an additional 3,349 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Siga Technologies by 34.1% in the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after purchasing an additional 1,184 shares during the period. CWM LLC lifted its holdings in shares of Siga Technologies by 148.6% in the 4th quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after buying an additional 3,005 shares during the period. Tower Research Capital LLC TRC increased its holdings in Siga Technologies by 116.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after buying an additional 3,669 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Siga Technologies by 47.0% in the fourth quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock valued at $49,000 after purchasing an additional 2,549 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Siga Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Siga Technologies Price Performance

Shares of SIGA stock opened at $3.23 on Friday. The company has a market capitalization of $232.08 million, a PE ratio of -64.60 and a beta of 0.97. The firm’s 50-day moving average is $3.29 and its two-hundred day moving average is $4.39. Siga Technologies Inc. has a 12 month low of $2.83 and a 12 month high of $9.45.

Siga Technologies (NASDAQ:SIGA) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter. Siga Technologies had a negative net margin of 5.19% and a negative return on equity of 1.55%. The business had revenue of $41.00 million during the quarter.

Siga Technologies Profile

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.