SIGA Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of unusually large options trading activity on Wednesday. Stock traders bought 1,200 call options on the stock. This represents an increase of 1,438% compared to the typical daily volume of 78 call options.

SIGA Technologies Trading Down 4.7 %

NASDAQ:SIGA opened at $8.51 on Thursday. The firm has a market cap of $604.99 million, a price-to-earnings ratio of 8.96 and a beta of 0.94. The company’s 50-day moving average is $6.92 and its two-hundred day moving average is $5.87. SIGA Technologies has a 12-month low of $4.22 and a 12-month high of $10.00.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. The business had revenue of $116.48 million for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. On average, equities research analysts forecast that SIGA Technologies will post 1.22 earnings per share for the current fiscal year.

SIGA Technologies Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were given a $0.60 dividend. This is an increase from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

Institutional Trading of SIGA Technologies

Several large investors have recently bought and sold shares of SIGA. Vanguard Group Inc. boosted its stake in shares of SIGA Technologies by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,242,097 shares of the company’s stock valued at $12,556,000 after buying an additional 39,220 shares during the last quarter. Barclays PLC lifted its stake in SIGA Technologies by 353.2% in the fourth quarter. Barclays PLC now owns 72,733 shares of the company’s stock valued at $407,000 after buying an additional 56,686 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in SIGA Technologies by 17.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,274,359 shares of the company’s stock valued at $12,736,000 after buying an additional 343,599 shares during the last quarter. Creative Planning lifted its stake in SIGA Technologies by 43.1% in the fourth quarter. Creative Planning now owns 38,423 shares of the company’s stock valued at $215,000 after buying an additional 11,566 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in SIGA Technologies by 138.9% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,024,960 shares of the company’s stock valued at $5,740,000 after buying an additional 595,856 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.