Siga Technologies Target of Unusually Large Options Trading (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) saw unusually large options trading on Wednesday. Stock investors acquired 1,200 call options on the stock. This represents an increase of 1,438% compared to the average daily volume of 78 call options.

Analyst Upgrades and Downgrades

SIGA has been the topic of a number of research analyst reports. Wall Street Zen downgraded Siga Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Siga Technologies in a research report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Trading of Siga Technologies

Several hedge funds have recently made changes to their positions in SIGA. Campbell & CO Investment Adviser LLC boosted its position in Siga Technologies by 413.6% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 198,413 shares of the company’s stock valued at $1,294,000 after buying an additional 159,779 shares during the period. Wellington Management Group LLP increased its position in shares of Siga Technologies by 51.7% during the first quarter. Wellington Management Group LLP now owns 182,328 shares of the company’s stock worth $999,000 after acquiring an additional 62,103 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Siga Technologies in the second quarter valued at $394,000. Nuveen LLC purchased a new position in Siga Technologies in the first quarter valued at $815,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Siga Technologies by 44.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,432 shares of the company’s stock valued at $140,000 after purchasing an additional 6,616 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Siga Technologies Stock Up 0.6%

NASDAQ:SIGA opened at $6.27 on Friday. Siga Technologies has a 52 week low of $4.95 and a 52 week high of $9.62. The stock’s fifty day moving average is $6.81 and its two-hundred day moving average is $7.44. The stock has a market capitalization of $448.64 million, a price-to-earnings ratio of 6.14 and a beta of 0.98.

Siga Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. Siga Technologies had a net margin of 43.22% and a return on equity of 35.23%. The firm had revenue of $2.62 million during the quarter. On average, sell-side analysts expect that Siga Technologies will post 1.04 EPS for the current fiscal year.

About Siga Technologies

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.