Investors Buy High Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average daily volume of 78 call options.

SIGA Technologies Price Performance

Shares of SIGA stock opened at $7.85 on Thursday. The company has a market capitalization of $560.25 million, a PE ratio of 7.14 and a beta of 0.91. The firm’s 50-day moving average is $9.03 and its two-hundred day moving average is $8.09. SIGA Technologies has a 12 month low of $4.22 and a 12 month high of $12.83.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 48.55% and a return on equity of 51.40%. The business had revenue of $21.81 million during the quarter. During the same quarter in the prior year, the business earned ($0.04) EPS. Sell-side analysts forecast that SIGA Technologies will post 1.01 EPS for the current year.

Institutional Investors Weigh In On SIGA Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of SIGA Technologies by 251.2% during the 2nd quarter. American Century Companies Inc. now owns 841,759 shares of the company’s stock worth $6,389,000 after purchasing an additional 602,091 shares during the last quarter. First Wilshire Securities Management Inc. increased its position in shares of SIGA Technologies by 14.4% during the fourth quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock valued at $13,228,000 after acquiring an additional 297,095 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of SIGA Technologies during the second quarter valued at about $1,815,000. Campbell & CO Investment Adviser LLC raised its stake in shares of SIGA Technologies by 453.4% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock valued at $1,226,000 after acquiring an additional 179,388 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of SIGA Technologies in the 1st quarter worth approximately $1,367,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.