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

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the typical daily volume of 78 call options.

SIGA Technologies Stock Up 1.6%

SIGA opened at $6.44 on Friday. SIGA Technologies has a 52 week low of $4.95 and a 52 week high of $12.83. The business has a 50 day moving average price of $5.97 and a two-hundred day moving average price of $6.02. The company has a market cap of $460.08 million, a PE ratio of 5.37 and a beta of 0.93.

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

SIGA Technologies Dividend Announcement

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

Hedge Funds Weigh In On SIGA Technologies

A number of large investors have recently bought and sold shares of SIGA. Russell Investments Group Ltd. boosted its holdings in shares of SIGA Technologies by 6,344.8% in the first quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock valued at $54,000 after acquiring an additional 9,771 shares in the last quarter. Corton Capital Inc. purchased a new position in SIGA Technologies during the first quarter worth about $58,000. Teacher Retirement System of Texas lifted its position in SIGA Technologies by 19.9% in the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company’s stock valued at $77,000 after purchasing an additional 2,126 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in SIGA Technologies in the fourth quarter valued at about $78,000. Finally, EP Wealth Advisors LLC boosted its holdings in SIGA Technologies by 14.5% in the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company’s stock valued at $83,000 after purchasing an additional 1,755 shares in the last quarter. 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.