Traders Purchase High Volume of SIGA Technologies Call Options (NASDAQ:SIGA)

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

Institutional Investors Weigh In On SIGA Technologies

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of SIGA Technologies by 154.4% during the third quarter. JPMorgan Chase & Co. now owns 70,299 shares of the company’s stock valued at $475,000 after purchasing an additional 42,669 shares during the period. Principal Financial Group Inc. increased its holdings in shares of SIGA Technologies by 8.1% during the fourth quarter. Principal Financial Group Inc. now owns 23,927 shares of the company’s stock valued at $144,000 after purchasing an additional 1,784 shares during the period. Legato Capital Management LLC increased its holdings in shares of SIGA Technologies by 14.1% during the fourth quarter. Legato Capital Management LLC now owns 532,441 shares of the company’s stock valued at $3,200,000 after purchasing an additional 65,800 shares during the period. Denali Advisors LLC increased its holdings in shares of SIGA Technologies by 58.3% during the fourth 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 during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of SIGA Technologies by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 589,620 shares of the company’s stock valued at $3,544,000 after purchasing an additional 94,490 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

SIGA Technologies Price Performance

Shares of NASDAQ SIGA opened at $5.92 on Friday. SIGA Technologies has a 1-year low of $4.95 and a 1-year high of $12.83. The business’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $6.13. The firm has a market capitalization of $422.93 million, a PE ratio of 4.93 and a beta of 0.92.

SIGA Technologies (NASDAQ:SIGA) last issued its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. The company had revenue of $7.04 million during the quarter. Equities research analysts expect that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

SIGA Technologies Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, April 29th.

SIGA Technologies Company Profile

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.