Siga Technologies Inc. $SIGA Holdings Boosted by LSV Asset Management

LSV Asset Management boosted its position in shares of Siga Technologies Inc. (NASDAQ:SIGA) by 28.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 538,630 shares of the company’s stock after purchasing an additional 120,300 shares during the period. LSV Asset Management’s holdings in Siga Technologies were worth $3,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Siga Technologies by 418.1% during the 4th quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock worth $25,000 after purchasing an additional 3,349 shares in the last quarter. BNP Paribas Financial Markets grew its position in Siga Technologies by 34.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock worth $30,000 after purchasing an additional 1,184 shares in the last quarter. CWM LLC grew its position in Siga Technologies by 148.6% during the 4th quarter. CWM LLC now owns 5,027 shares of the company’s stock worth $31,000 after purchasing an additional 3,005 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Siga Technologies by 116.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock worth $44,000 after purchasing an additional 3,669 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Siga Technologies during the 3rd quarter worth approximately $97,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Siga Technologies Trading Down 0.2%

Siga Technologies stock opened at $4.67 on Wednesday. The company has a market capitalization of $334.93 million, a P/E ratio of 17.30 and a beta of 0.93. The firm’s fifty day simple moving average is $4.73 and its 200-day simple moving average is $5.80. Siga Technologies Inc. has a 1-year low of $4.09 and a 1-year high of $9.62.

Siga Technologies (NASDAQ:SIGA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $6.24 million for the quarter. Siga Technologies had a net margin of 21.58% and a return on equity of 10.60%.

Siga Technologies Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, April 7th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, April 7th.

Siga Technologies Company Profile

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.