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

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

Institutional Trading of SIGA Technologies

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in SIGA Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock worth $19,548,000 after buying an additional 41,515 shares during the last quarter. AltraVue Capital LLC lifted its position in SIGA Technologies by 6.6% in the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock valued at $16,528,000 after acquiring an additional 134,450 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SIGA Technologies by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,821,788 shares of the company’s stock valued at $13,826,000 after purchasing an additional 133,883 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of SIGA Technologies by 251.2% in 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 in the last quarter. Finally, General American Investors Co. Inc. raised its stake in shares of SIGA Technologies by 0.7% in the second quarter. General American Investors Co. Inc. now owns 746,646 shares of the company’s stock worth $5,667,000 after purchasing an additional 4,919 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Stock Performance

Shares of SIGA opened at $7.22 on Friday. The firm’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $8.11. SIGA Technologies has a fifty-two week low of $4.26 and a fifty-two week high of $12.83. The stock has a market cap of $515.28 million, a PE ratio of 6.17 and a beta of 0.90.

SIGA Technologies (NASDAQ:SIGA) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter. The firm had revenue of $21.81 million for the quarter. SIGA Technologies had a return on equity of 51.40% and a net margin of 48.55%. During the same period in the prior year, the company posted ($0.04) earnings per share. Equities research analysts predict that SIGA Technologies will post 1.01 EPS for the current year.

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.